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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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1.Publish original content on Gate Square related to PROVE or the above activities (minimum 100 words; any format: analysis, tutorial, creativ - 💙 Gate Square #Gate Blue Challenge# 💙
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Dare to trade. Dare to win.
Trump's blow to Bitcoin: Prices have sharply get dumped.
The crypto market experienced a sharp get dumped following President Donald Trump’s announcement of customs duties on the European Union.
Trump, in a post he made today on Truth Social, stated, "The talks we are having with them are going nowhere." He proposed a 50% customs duty on EU-origin products starting from June 1.
Yesterday, Bitcoin, which saw its all-time high by surpassing 111 thousand dollars, fell to 107 thousand 337 dollars after this announcement. Before the sharing, BTC was trading at 110 thousand 880 dollars and quickly lost more than 3% in value.
Trump has previously caused a drop in Bitcoin with customs tariff announcements aimed at different countries, and recoveries in the market were seen following temporary trade agreements.
At the time the news was written, Bitcoin is trading at the level of 108,284 dollars.
Published: May 23, 2025 15:39