The post Why Bitcoin Ethereum and XRP Price Are Down Today? What Traders Need to Know Now appeared on BitcoinEthereumNews.com.

When Donald Trump became president of the USA and took a seat at the white house, people thought this year would boost cryptos to amazing prices. But those expectations are basically ruined by trade tensions. In Q1, almost every top crypto fell due to these tensions. However, people thought Q2 would be fruitful, and it was, to some extent, when the US and UK became the first ones to register the deal. The optimism boosted every coin on the planet to some extent, and BTC jumped $112K following this optimism with massive institutional buying. While Ethereum price rose to $2737, and XRP price rose to $2.64, the recent update from Donald Trump’s Truth Social highlights that trade talks with the European Union are “going nowhere”. The harsh statement sent shockwaves through the cryptocurrency market. Bitcoin fell below the $108,500 threshold in a matter of minutes, Ethereum price fell to $2510, and XRP price fell to the $2.31 mark. Many are intrigued to know what happens here onwards, will Q2 see a fall like crypto prices did in Q1, or is it just another bump on the road? Keep reading to know. Trump Will Impose 50% Tariff On June First: Know Why? Trump, in his short but harsh speech, said that the European Union was “established to exploit Americans” and seems solely built to take advantage of the US in Trade. He sounded in the post that he tried, but the European Union was a tough one to deal with. He also says that the EU has trade barriers, unmatched corporate penalties, VAT taxes, and several more issues that have directly led to a humongous amount of trade deficit with the US, which Trump claims to be over $250 billion annually.  Accordingly, he announced that he is strongly in favor of…

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Filed under: News - @ May 23, 2025 6:24 pm