<ul><li>President Trump's announcement of a 50% tariff on the European Union caused the crypto market to plummet, with Bitcoin and altcoins posting losses.</li><li>Bitcoin failed to act as a safe haven amidst the market turmoil, dropping by 2.27% and trading at $108,247.81.</li><li>Altcoins like Ethereum, XRP, Solana, and Cardano also saw declines following Bitcoin's lead, with Ethereum down 5.21% and XRP falling by 4.57%.</li><li>Political tensions escalated as Trump hosted a dinner for $TRUMP memecoin holders, raising concerns about political influence in the crypto market amidst already uncertain conditions.</li></ul>

Why Did Crypto Crash? It Might Be Because of TRUMP

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