Bitcoin Drags Everything Down With Its Fall

4 hours ago



12h35 ▪
3
min read ▪ by
Evans S.

In a few seconds, the calm of the markets evaporated. A shocking announcement by Donald Trump was enough to shake the indices… and drag Bitcoin down with them. Let’s look back on an electric day where the flagship cryptocurrency once again showed it is at the heart of global turbulence.

Illustration d'un bitcoin géant enflammé s’écrase sur une ville.Illustration d'un bitcoin géant enflammé s’écrase sur une ville.

In Brief

  • A Trump announcement on 50% tariffs on European imports shook the markets and caused Bitcoin to fall.
  • Bitcoin reacted instantly, confirming its role as a sensor of global economic tensions.
  • Despite the decline, it quickly rebounded, showing its resilience and the ongoing interest of investors.

Trump reignites hostilities, markets plunge

It only took a few lines posted on Truth Social to derail a stock market session that was otherwise calm. Donald Trump, true to his strategy of dramatic moves, announced the implementation of 50% tariffs on all products imported from the European Union, starting June 1st. Within minutes, the markets dropped. And BTC, often the first to move during times of uncertainty, plunged below 108,000 dollars.

Before this warning shot, Bitcoin was moving quietly above 111,000 dollars. Then, in a matter of moments, the tide turned. -3% right after the announcement, a clear drop but without excessive panic.

This type of movement is not uncommon in the crypto market, which is used to shocks. What is surprising is the speed at which the information spreads and traders react: Bitcoin is now at the core of global macroeconomic reactions.

Keep exploring EU Venture Capital:  Japan CPI, Singapore CPI, South Korea PPI

Bitcoin, a sensor of global tensions

We saw it again on May 23rd: Bitcoin is not an asset isolated from the rest of the world. On the contrary, it acts as an ultra-sensitive sensor of economic and political upheavals. The reaction to Trump’s announcement is not a sign of weakness but of connectivity. In an interconnected world, Bitcoin responds faster than any other asset to systemic tensions.

Unlike traditional markets, weighed down by slow regulations and heavy political decisions, Bitcoin remains nimble. It is precisely this responsiveness that attracts investors. Yes, it is volatile. But in a context where fiat currencies are subject to the whims of governments, this volatility becomes a price to pay for total sovereignty.

The observed drop lasted only a few hours. Already, at the time of writing, the price is rising again, a sign that selling pressure was primarily technical and emotional. Nothing in the fundamentals has changed: supply is limited, overall demand remains high, and institutional interest continues to grow.

In this sense, this sudden drop is not a rejection. It acts as a stress test: Bitcoin demonstrates that it reacts quickly, adapts, and above all, remains at the center of global economic debates. Where other assets collapse in the shadows, Bitcoin falls… then bounces back setting a new record in surprising calm, in full view of all.

Maximize your Cointribune experience with our “Read to Earn” program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.





Source link

EU Venture Capital

EU Venture Capital is a premier platform providing in-depth insights, funding opportunities, and market analysis for the European startup ecosystem. Wholly owned by EU Startup News, it connects entrepreneurs, investors, and industry professionals with the latest trends, expert resources, and exclusive reports in venture capital.

Leave a Reply

Your email address will not be published.