The price Bitcoin It fell more than 4% today after President Donald Trump announced strong levies to European products. The cryptocurrency market reacted violently, with more than $ 300 million that had opted. The Bitcoin price has briefly dropped by 4% to a little more than $ 107,000.
The markets are afraid by the Trump pricing plan
When Wall Street opened on May 23, Bitcoin’s volatility fired. The cause: some declarations by Donald Trump in social truth.
In them, he indicated that negotiations with the European Union “did not go nowhere” and that, consequently, I wanted to introduce a tax of 50% on June 1, 2025. The American variable rent markets reacted immediately: the S&P 500 lost 1% and the Nasdaq up to 1.2%.
The cryptocurrency market has also felt. According to Rinsing Almost $ 350 million was set in four hours, with a daily total of more than $ 500 million.
Bitcoingers expect support over $ 110,000
After the sudden fall, Bitcoin managed to recover and the price is about $ 110,000 when writing this. This price is now considered an important resistance. The operators warn that the price must remain above this level to maintain the positive impulse.
The most popular analysts of the X platform, as Distort Y Daan Crypto TradesThey believe that the fall was completely motivated by the news.
“It is a typical reaction to uncertainty on the market,” said Daan.
Difficult balance for Trump and the cryptocurrency market
According to the macroeconomic platform The Kobeissi letterTrump is in a dilemma. Excessive pressure on foreign trade could affect markets, while insufficient pressure would not be good for the economy.
In addition, the American central bank (the Federal Reserve) does not seem to be planned to reduce interest rates for the moment, despite the drop in inflation. This means that risky investments such as Bitcoin have macroeconomic support.
It remains to be seen how Bitcoin will behave in this trendy commercial environment. But, lately, Bitcoin does not seem too worried about macroeconomic events.
Analysts will monitor the $ 107,000 support area in the coming days to see if it continues to be maintained. A break below could trigger greater sales pressure.
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