Bitcoin falls below $ 109K when Trump proposes new tariffs against the EU

After a month of calm in the front of the rate and even positive developments between the United States and China, the Potus has once again made threats against (previous) partners, this time, only the EU.

Trump said conversations with the union do not lead to significant results and proposed a direct rate of 50% as of June 1.

The president of the United States believes that the EU was formed with the “main purpose of taking advantage of the United States” on the commercial front, and its multiple barriers have hindered everyday Americans. In fact, he said that union policies have led to a commercial deficit with the United States of more than $ 250,000,000 per year.

His statement, which was made a few minutes ago, had a deep and immediate effect on cryptocurrency markets, as well as the previous ads related to the rate.

Bitcoin, who had returned slightly to $ 111,000 after the maximum of all time yesterday, collapsed by a few great and submerged below $ 109,000, where he also sits in the press hour.

Remember that the asset collapsed hard after Trump began the commercial war against all countries a few months ago. BTC touched back on April 7 and 9 with less than $ 75,000, which was a minimum of five months.

As the economic situation improved worldwide, even between the United States and China, Bitcoin made the offensive and added more than $ 35,000 in a month and a half to break its maximum of January of all time.

The Altcoins have also become red after Trump’s statement today. His own meme currency is the worst performance on a daily scale, since he has lost 15% of its value after yesterday’s special dinner.

The total value of the liquidated positions has increased to more than $ 450 million, according to Coinglass. Almost 150,000 merchants too leverage have been destroyed on the last day.