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Bitcoin Drops Below $93,000 on Trump Tariff Announcement

President Trump announced 10% tariffs on imports from eight European countries unless they support U.S. efforts on Greenland, prompting European leaders to label it blackmail and plan retaliation up to €93 billion. The news hit thin weekend trading, causing U.S. stock futures to slide and Bitcoin to plunge, with $502 million of hourly liquidations from longs alone. Traders on X noted the timing with futures, while some urged holding through the volatility as Bitcoin rebounded slightly to $92,800.

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