Trump Just Nuked the Crypto Vibe—Bitcoin Tanks
Y’all, the markets are spiraling and it’s all thanks to Trump’s latest TruthSocial mic drop. The U.S. prez wants a 50% tariff on the European Union starting June 1, 2025, and crypto bros are not vibing. The news hit like a brick—Bitcoin dropped 3%, sliding from a fresh ATH of $111K down to $108K. Ouch.
That’s not all—$100B just vanished from the crypto market like it never existed. Altcoins? All red. ETH, XRP, SOL, DOGE, ADA—everyone’s hurting, with dips up to 4%. The CoinMarketCap 100 Index? Down 2.84%. And trading volume? Cratered 32%.
Liquidations are going wild too. Over $308M in long positions got wiped out in just a few hours. Glassnode says total liquidations (long + short) hit $334M. That’s pure carnage.
Trump’s beef? He says the EU is exploiting the U.S. with trade barriers, taxes, and legal drama. He’s done playing nice. “No tariff if it’s made in the U.S.,” he posted. Cool cool.
But for crypto? This move might just be the start of a wild summer.
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