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Crypto market braces for impact amid Trump’s tense global tariff negotiations

  • Cryptocurrencies experience a sudden dip as Trump proposes a 50% tariff on EU goods, leading to a 4% drop in Bitcoin (BTC) and over 3% drop in Ethereum (ETH).
  • The market reacts as Trump intensifies global tariff negotiations, causing concerns about escalating trade tensions and retaliatory actions from the EU.
  • Investors fear the impact of potential tariffs on global market conditions as the 90-day tariff pause nears expiration in July, putting pressure on ongoing negotiations.
  • Crypto market faces uncertainty and volatility as Trump's involvement in cryptocurrency, including the TRUMP memecoin gala dinner, stirs controversy and triggers market reactions.

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