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Bitcoin and altcoins faced sharp declines after US President Trump proposed new tariffs on the EU, wiping over $100 billion from the crypto market. BTC dropped below $107,000, while major altcoins like Ethereum and XRP saw significant losses.
- Bitcoin briefly hit a new all-time high of $112,000 before Trump's tariff announcement caused a sharp reversal.
- Altcoins like DOGE, ADA, and SHIB suffered losses of up to 10%, with Ethereum dropping below $2,550.
- The total crypto market capitalization fell by $100 billion in 24 hours, now standing at $3.53 trillion.
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