Bitcoin Rally Wavers as Trump Drops 50% EU Tariff Bombshell
Bitcoin reached a new all-time high of over $111,000 this week before experiencing a decline to approximately $108,531 following President Trump's announcement of a potential 50% tariff on the European Union. Ethereum dropped 4% to around $2,500, while XRP fell 3.7% to $2.34. Analysts expressed optimism about the rally, attributing it to structural strength rather than speculation, with institutional flows and low leverage being key factors. QCP Capital noted the uptrend as more robust than previous cycles, while MEXC's COO highlighted significant institutional demand and a growing number of Bitcoin owners in the U.S. B2BINPay cautioned that the rally aligns with Bitcoin's historical patterns and warned of potential corrections ahead. Skepticism about Bitcoin's ability to surpass $115,000 has increased following Trump's comments, with predictions on a decentralized platform reflecting a decline in optimism.
