Bitcoin nosedives 4% as Donald Trump threatens tariffs on imported iPhones and EU productsiPhones made outside of the US are to be subjected to 25% tariffs, while the EU will face a blanket 50% tariff on June 1.
Happy Friday!Bitcoin took a sharp hit today dropping over 4% as President Donald Trump announced steep new tariffs with a 25% tax on iPhones made outside the U.S. and a sweeping 50% tariff on European Union imports starting June 1 rattling markets and tech stocks alike. Meanwhile, Bitcoin’s supply nears total profitability driven by strong institutional demand and ETF inflows that reflect a shift from retail to professional investors. On the altcoin front, Solana memecoins are seeing a surge in average daily trading volume up 46% in May mirroring Bitcoin’s recent recovery though still shy of pre-LIBRA scandal levels.
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Bitcoin nosedives 4% as Donald Trump threatens tariffs on imported iPhones and EU productsiPhones made outside of the US are to be subjected to 25% tariffs, while the EU will face a blanket 50% tariff on June 1. Bitcoin supply near total profitability as institutional demand drives value flowsShort-term holder profitability near 100% now reflects professional desks more than retail wallets. Solana memecoin average daily volume surges 46% in May, echoing Bitcoin’s recoveryDespite the increase in memecoin trading volume, the numbers are still below pre-LIBRA scandal levels.
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This high beta Bitcoin proxy sector is lagging behind BTC price 2025CryptoSlate's latest report dives deep into the performance of Bitcoin prxy stocks to analyze how their performance fares in comparison to Bitcoin's spot price, direct exposure products like ETFs, and indirect vehicles like MSTR.
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