[Breaking News] Bitcoin Drops to 107K Amid Trump's Second Tariff Bomb

# Bitcoin Plunges as Investor Anxiety Rises Post Trump's EU Tariff Proposal Bitcoin(BTC) witnessed a sharp price decline as investor confidence waned following former President Donald Trump's announcement to potentially impose up to 50% tariffs on the European Union (EU). This sudden decision triggered a broad retreat from risk assets, significantly impacting the cryptocurrency market. As of 8:00 PM on the 24th, the global cryptocurrency market capitalization fell to $1.338 trillion, marking a 3.59% decrease from the previous day. Meanwhile, 24-hour trading volume increased by 2.71% to $171.1 billion. Bitcoin’s market dominance remained relatively stable at 63.1%. # Major Cryptocurrencies Face Significant Losses Bitcoin(BTC) dropped 3.8% to $10,710, temporarily dipping below the critical $107K support level. Ethereum(ETH) fell 5.79% to $2,506, reflecting a strong bearish trend due to broader market weaknesses. Altcoins were not immune to the downward spiral. XRP(XRP) decreased by 5.56% to $2.29, while Cardano(ADA) plunged 7.61% to $0.7461. Dogecoin(DOGE) fell 8.27% to $0.2241, and Solana(SOL) declined 3.38% to $173.57. Despite a 4.53% daily drop, Binance Coin(BNB) managed a 1.2% gain over the past week, demonstrating relative resilience. TRON(TRX) saw a 2.54% decline during the same period. # Market Sell-Off Fueled by Risk Aversion and Liquidations Trump’s tariff statements intensified risk-off sentiment, aligning cryptocurrency movements with tech stocks, which are often sensitive to macroeconomic shocks. The sharp price drops led to a surge in liquidations, especially among long positions. Data from CoinGlass shows that total liquidations over the past 24 hours exceeded $300 million, with a significant portion coming from long positions. Bitcoin(BTC) alone saw about $107 million in long liquidations, while Ethereum(ETH) accounted for $87 million. Among altcoins, Solana(SOL), Dogecoin(DOGE), and Sui(SUI) faced intense selling pressure, with liquidation volumes ranging from $10 million to $18 million each. As the cryptocurrency market remains highly sensitive to macroeconomic developments, clarity on U.S. trade relations and investor sentiment will likely determine whether this downward trend marks a temporary correction or a more extended slump.