Bitcoin price drops 4% as Trump EU tariff talk liquidates over $300M

Date: 2025-05-23

Key points:Bitcoin joins risk assets in a knee-jerk reaction to the latest instalment of the US trade war, this time focused on the EU.BTC price action dives up to 4% before recovering with $110,000 now a resistance level.Traders demand that price holds higher levels going forward to protect bullish momentum.Bitcoin (BTC) saw flash volatility into the May 23 Wall Street open as news headlines liquidated longs.BTC/USD 1-hour chart. Source: Cointelegraph/TradingViewBitcoin trips as Trump says EU talks “going nowhere”Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $107,367 on Bitstamp before rebounding.This marked daily losses of up to 4% as markets reacted to comments from US President Donald Trump over tari...

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