Bitcoin Declines Alongside Markets After Trump Proposes Heavy EU Tariffs

Bitcoin and Equities Slump as Trump Unveils 25% Tariff Plan for EU

Bitcoin and the S&P 500 fell sharply on Wednesday after U.S. President Donald Trump confirmed plans to impose a 25% tariff on the European Union, rattling financial markets.

Key Takeaways:

  • Bitcoin (BTC) slid below $84,000, marking a 5% decline in 24 hours.
  • The S&P 500 hit its session low, reflecting broader risk-off sentiment.
  • The CoinDesk 20 Index, which tracks the digital asset market, dropped 2.3% on the day.

“We have made a decision, and we’ll be announcing it very soon. It’ll be 25 per cent,” Trump said, as reported by the Financial Times.

Market Jitters Intensify

The market had shown signs of stabilizing after recent losses, but Trump’s tariff announcement has reignited investor fears, sparking fresh selling across both crypto and traditional assets.

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