Bitcoin price stayed resilient above $111,500 on Friday, May 23, supported by surging ETF inflows and escalating trade tensions after Trump threatened to impose fresh tariffs on the European Union (EU). Bitcoin (BTC) Buyers Hold Firm at $108K as Trump Slaps 50% Tariffs on EU Bitcoin surged to an intraday high of $111,800 on Thursday before consolidating near $111,500, according to CoinGecko data. The rally came in the immediate aftermath of U.S. President Donald Trump’s Truth Social post announcing a proposed 50% tariff on all goods imported from the European Union (EU), starting June 1, 2025. This shock declaration, framed as a retaliation against what Trump labeled “unjustified lawsuits, trade barriers, and monetary manipulation,” sent tremors across bond and equity markets, but catalyzed fresh inflows into crypto. “The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult... Read More at Coingape.comThe post Bitcoin Price Analysis: BlackRock Leads Historic $934M BTC ETF Inflows as Trump Tackles $250,000,000 EU Trade Deficit appeared first on CoinGape.
