<ul><li>Bitcoin price fell to a low of $107,385 on Friday as global stocks and cryptocurrencies dropped in response to US President Donald Trump's proposal of a 50% tariff on European Union goods.</li><li>The total 24-hour liquidation in the crypto market surged to over $550 million amidst the price decline, with long positions facing significant liquidations and shorts accounting for about $156 million in liquidations.</li><li>Following Trump's tariff announcement, Bitcoin's price declined over 2.7%, dropping below $110k, but later recovered to trade above $109,600 with investors eyeing a reclaim of $110k.</li><li>US President Trump criticized the EU's trade practices on Truth Social, recommending a 50% tariff on EU goods starting June 1, 2025, causing market turbulence and prompting retail investors, as per analyst Anthony Pompliano, to view the dip as a buying opportunity.</li></ul>

BTC slips to $109k after Trump threatens 50% tariffs on EU

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