{"id":68808,"date":"2025-05-24T05:42:55","date_gmt":"2025-05-24T05:42:55","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=68808"},"modified":"2025-05-24T05:42:55","modified_gmt":"2025-05-24T05:42:55","slug":"crypto-markets-shed-over-100-billion-after-trumps-latest-tariff-threats-weekend-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=68808","title":{"rendered":"Crypto Markets Shed Over $100 Billion After Trump\u2019s Latest Tariff Threats (Weekend Watch)"},"content":{"rendered":"

Bitcoin\u2019s price actions took a turn for the worse yesterday after US President Trump recommended a 50% general tariff against the European Union.<\/p>\n

The altcoins have also bled out on a daily scale, with more than $100 billion leaving the space within this timeframe.<\/p>\n

BTC Pushed Below $107K<\/h2>\n

In general, it was a very good, some would say historic, week<\/a> for the primary cryptocurrency. It started on a volatile foot as it pumped from $104,000 to $107,000 on a couple of occasions on Sunday and Monday but was stopped in its tracks and driven south hard.<\/p>\n

However, the bulls<\/a> kept the pressure on, and that upper boundary finally gave in on Wednesday. Moreover, bitcoin rocketed<\/a> past its January all-time high of $109,100 and set a new one at almost $110,000.<\/p>\n

It was met with immediate resistance there and a drop to $106,500, but that was short-lived. Bitcoin began another, even more impressive leg up in the following hours and tapped<\/a> a fresh peak at $112,000 on Pizza Day.<\/p>\n

It retraced slightly to $111,000 on Friday but remained at around that level until the POTUS recommended a new set of tariffs against the EU to start from June 1. In minutes, BTC\u2019s price tumbled<\/a> below $107,500, bounced off, and then slipped again to under $107,000.<\/p>\n

It has recovered some ground now and sits above $108,000, but it\u2019s still over 2% down on the day. Its market cap has plunged to $2.150 trillion, while its dominance over the alts stands tall at 61% on CG.<\/p>\n

<\/a>BTCUSD. Source: TradingView<\/p>\n

Alts in Red<\/h2>\n

The altcoins have followed BTC on the way south, with substantial losses of up to 10% from the likes of DOGE, ADA, SUI, SHIB, LINK, and AVAX. Ethereum has slipped by over 5% and is now down to $2,550. XRP has dropped to just over $2.3 after a 4.4% daily decline.<\/p>\n

Even more painful price drops are evident from ENA, WIF, TIA, S, IP, and PEPE as all of them have plunged by double digits.<\/p>\n

The total crypto market has lost over $100 billion since yesterday and is down to $3.530 trillion on CG.<\/p>\n

<\/a>Cryptocurrency Market Overview. Source: QuantifyCrypto<\/p>\n

The post Crypto Markets Shed Over $100 Billion After Trump\u2019s Latest Tariff Threats (Weekend Watch)<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price actions took a turn for the worse yesterday after US President Trump recommended a 50% general tariff against the European Union. The altcoins have also bled out on a daily scale, with more than $100 billion leaving the space within this timeframe. BTC Pushed Below $107K In general, it was a very good, […]<\/p>\n","protected":false},"author":0,"featured_media":68809,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-68808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/68808"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=68808"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/68808\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/68809"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=68808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=68808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=68808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}