Crypto Chaos: Trump’s Tariff Tantrum Sends Bitcoin Plummeting! 🚀💔

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So, guess what? Bitcoin decided to take a nosedive yesterday, all thanks to our favorite Twitter-happy President, Trump, who thought a 50% tariff on the EU was a brilliant idea. Because, you know, who doesn’t love a good economic meltdown? 🙄

And it’s not just Bitcoin throwing a tantrum; the altcoins are bleeding out too! Over $100 billion has just packed its bags and left the crypto party. Talk about a dramatic exit! 💸

BTC Pushed Below $107K

Now, let’s talk about Bitcoin’s week. It was like a rollercoaster ride—up, down, and all around! It started off strong, pumping from $104,000 to $107,000 like it was training for the Olympics. But then, bam! It got hit hard and went south faster than my motivation on a Monday morning. 😩

But wait! The bulls weren’t done yet. They pushed Bitcoin past its January high of $109,100, and it even flirted with $110,000. But then, just like that awkward moment at a party when you realize you’re talking to the wrong person, it dropped to $106,500. Classic! 😂

Then, on Pizza Day (yes, that’s a thing), it soared to a new peak of $112,000. But, of course, it couldn’t just chill there. It retraced to $111,000, and then—surprise!—Trump’s tariff news sent it tumbling below $107,500. It’s like watching a soap opera, but with more numbers and less drama. 📉

Now it’s clawed its way back to above $108,000, but still down over 2% today. Its market cap? A staggering $2.150 trillion. And it’s still flexing with a 61% dominance over the altcoins. Go Bitcoin! 💪

Alts in Red

Meanwhile, the altcoins are having a rough day too. They’ve followed Bitcoin down the rabbit hole, with losses up to 10% for the likes of DOGE, ADA, SUI, SHIB, LINK, and AVAX. Ethereum? It’s down over 5% to $2,550. XRP? Just over $2.3 after a 4.4% drop. Ouch! 😱

And let’s not even talk about ENA, WIF, TIA, S, IP, and PEPE. They’ve all plunged by double digits. It’s like a crypto horror movie out there! 🎃

The total crypto market has lost over $100 billion since yesterday, now sitting at a mere $3.530 trillion. What a time to be alive! 🥳

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2025-05-24 08:45