Bitcoin leads crypto price slump on Trump’s new 50% tariff threat – DL News
- President Trump’s tariff proposal shaved $100 billion off of crypto.
- He threatened 50% tariffs on the European Union.
Cryptocurrency markets dropped 4.3%, losing over $100 billion, after US President Donald Trump proposed stiff 50% tariffs on the European Union.
After hitting a record high on Thursday, Bitcoin dropped nearly 3% as investors are back on high alert over any whiff of a new trade war.
Ethereum, the second-largest cryptocurrency on the market, shed 4% in the last 24 hours to trade at $2,553.
Other popular cryptocurrencies, such as XRP, Dogecoin, Cardano, and TRX, have all plummeted by 4%.
The President criticised the EU over its trade barriers and corporate penalties, among other features of the European economy, and…
