• Bitcoin price fell to a low of $ 107,385 on Friday as shares and crypto plummeted.
• BTC slipped alongside Wall Road after US President Donald Trump beneficial a 50% tariff on European Union.
• Per Coinglass knowledge, the overall 24-hour liquidation spiked to greater than $550 million.

Bitcoin fell greater than 2.7% on Friday after US President Donald Trump beneficial a 50% tariff on European Union items.

As the worldwide shares dipped amid Trump’s tariffs menace, Bitcoin (BTC) price plunged beneath $110k to hit lows of $107,385.

Nonetheless, with the Dow Jones Industrial Common additionally seeing a slight restoration from a dip of greater than 500 factors, BTC price shortly recovered to commerce above $109,600.

Over $300 million liquidated

The 24-hours losses stood round 1.7% on the time of writing, with the each day buying and selling quantity of BTC down 30% to $65.5 billion.

Bitcoin’s market cap hovered round $2.17 trillion.

In the meantime, bullish merchants caught offside by the sudden price swing skilled staggering liquidations.

Per Coinglass knowledge, the overall 24-hour liquidation rose to over $550 million, with lengthy positions accounting for over $395 million.

Of those latest longs, about $309 million occurred within the hours after President Trump’s publish on Fact Social.

Shorts accounted for about $156 million in liquidations over the previous 24 hours, with about $36 million within the final 4 hours.

What did Trump say?

On Friday, US President Donald Trump took to his Fact Social account to announce his disappointment in how commerce talks with the European Union have progressed – or not – up to now.

In accordance with him, the EU “has been very difficult to deal with” and that discussions between the US and the bloc weren’t going anyplace.

Trump then mentioned he recommends a “straight 50% tariff” on items from the EU, beginning on June 1, 2025.

“The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with. Their powerful Trade Barriers, VAT Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against American companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable,” Trump famous.

Bitcoin price reacts, dips beneath $110k

Shares and cryptocurrencies fell following this announcement. Bitcoin, which had reached a brand new all-time excessive above $111k, pared a few of these beneficial properties.

Nonetheless, regardless of the dip, BTC is again above $109k and seeking to reclaim $110k.

Anthony Pompliano says buyers are going to shortly purchase the dip, as occurred in latest weeks amid tariff-related sell-offs.

Each time the market dumps due to tariff threats, retail buyers are going to purchase the dip.

Regulation of the universe at this level.

— Anthony Pompliano 🌪 (@APompliano) Might 23, 2025

BTC traded at round $109,692 on the time of writing.