U.S. President Donald Trump announced a 25% tariff on EU imports, sending shockwaves through financial markets—including crypto
Author: Chirag Sharma
In a sudden and unexpected move, U.S. President Donald Trump announced a 25% tariff on EU imports, sending shockwaves through financial markets—including crypto. The news, confirmed at 6:00 PM UTC on February 27, 2025, triggered an immediate sell-off, with Bitcoin crashing below $85,000, its lowest level since November 2024.
Key crypto impacts:
The announcement by Trump regarding EU tariffs, made during a press briefing at Mar-a-Lago, caught crypto traders off guard, fueling a surge in market volatility.
Bitcoin, often seen as a “risk-on” asset, reacted sharply to fears of an escalating trade war between the U.S. and EU. Analysts cite several reasons behind the sell-off:
📉 Investor de-risking – Uncertainty led to panic selling
📉 Trade war fears – Potential economic slowdown spooked risk markets
📉 ETF outflows – Bitcoin ETFs lost $571M last week, accelerating pressure
The Crypto Fear & Greed Index plunged into “Extreme Fear”, signaling deep uncertainty.
As the market awaits the EU’s response, traders are bracing for further swings. If tensions escalate, crypto could see more downside, but a diplomatic resolution might restore confidence.
For now, Bitcoin remains on edge, with investors closely watching Trump’s next move.
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