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Trump’s Trade War Resurgence Hammers Bitcoin—Price Plunges Below $109K

Trump’s Trade War Resurgence Hammers Bitcoin—Price Plunges Below $109K

Coindesk
Author:
Coindesk
Release Time:
2025-05-23 12:14:16
0

Good Vibes Shattered as Trump Revives Trade War, Sending Bitcoin Tumbling Below $109K

Just when markets thought they’d shaken off geopolitical chaos, the specter of trade wars returns with a vengeance. Bitcoin—the so-called ’digital gold’—got smacked harder than a tariffed Chinese export, tumbling under $109K as Trump reignites economic hostilities.

Market jitters? More like market earthquakes. Crypto’s safe-haven narrative took a hit as traders scrambled for cover—proving once again that when traditional finance sneezes, digital assets catch pneumonia. Guess decentralization doesn’t bypass good old-fashioned panic.

And here’s the kicker: Wall Street’s still betting on rate cuts while Main Street gets volatility whiplash. Some things never change—except your portfolio balance, that is.

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