Bitcoin Price Just Crashed 7% On Trump’s Tariff Shock

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Bitcoin Price Just Crashed 7% On Trump’s Tariff Shock - NewsBTC

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Bitcoin Crashes After Trump’s Tariff Bombshell On Wednesday afternoon, markets were jolted by a sweeping set of "reciprocal tariffs” that President Trump claimed would be levied on 185 countries "all at once.” The news sent ripples across global finance, with the S&P 500 futures market reportedly shedding $2 trillion of market capitalization in under 15 minutes.

This would be a result of prices rising to adjust to the higher costs of imports.’ We are on the verge of 5% inflation and negative GDP growth.” Although President Trump hinted at forthcoming "largest tax cuts in American history,” markets did not bounce back on that news.

According to The Kobeissi Letter (via X): "Reciprocal tariffs are officially HERE: President Trump just announced tariffs on 185 countries AT ONCE, one of the largest tariffs in US history.