# Bitcoin Plummets to $106,750 as Trump Reignites Tariff Tensions
## Introduction
Bitcoin plummeted by 4.5% within a 24-hour period, dropping below the $110,000 mark as President Trump rekindled tariff tensions by threatening the European Union with hefty tariffs. This abrupt decline, triggered by Trump’s tariff threats, led to a significant sell-off that wiped out over $638 million in leveraged positions. The sudden crash unfolded prior to Friday’s market opening and intensified during the New York trading session.
## Trump’s Tariff Threats Spark Bitcoin Sell-Off
President Trump’s announcement during Friday’s briefing indicated his reluctance to strike a deal with the EU. He expressed a willingness to consider delaying tariffs only if the European Union established manufacturing facilities within the United States. This unexpected move by the U.S. administration has reignited fears of a potential trade war escalation.
## Bitcoin Price Recovery Efforts
According to CoinGape data, Bitcoin is currently trading at $107,739, with traders attempting to recover recent losses through a bounce in the early Asian trading session. As market participants closely monitor the price action, it is essential to pay attention to key levels for potential insights into Bitcoin’s future movements.
### Key Bitcoin Price Levels to Monitor
The Time Price Opportunity Chart for Bitcoin indicates that Friday’s crash had a pronounced impact on…
**Read More:** To delve deeper into the Bitcoin price crash and the potential implications of Trump’s tariff threats, visit the full article at Coingape.com.
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In conclusion, Bitcoin faces uncertainty and volatility following President Trump’s tariff warnings, underscoring the influence of geopolitical events on cryptocurrency markets. With Bitcoin attempting to recover from the recent setback, traders are advised to remain vigilant and closely observe key price levels for valuable trading insights.