CoinDesk Podcast Network Trump's EU and Apple Tariff Threats Dent Bitcoin Rally | COINDESK DAILY
May 23, 2025
The host discusses President Trump's provocative tariff threats against the EU and Apple, which have put a damper on Bitcoin's rally. Despite this, there's an unexpected resilience in the crypto market, fueled by optimistic ETF inflows and recent options data. Also featured is an exclusive chat with Justin Sun about his experience at Trump's $TRUMP memecoin VIP dinner, showcasing the interplay between politics and cryptocurrency.
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Tariff Threats Disrupt Markets
- Donald Trump's tariff threats on EU and Apple disrupted markets, causing Bitcoin and stocks to drop.
- Political tensions can heavily impact cryptocurrency prices and tech stocks like Apple.
Bitcoin's Bullish Momentum
- Bitcoin's market cap surged past Amazon and Google, reaching $2.1 trillion and becoming the world's fifth largest asset.
- Institutional inflows and options data indicate strong bullish sentiment for Bitcoin despite market dips.
Justin Sun Praises Trump Crypto Support
- Justin Sun attended Trump's VIP dinner for top Trump meme coin holders and dismissed critics as short-sighted.
- He praised Trump's crypto embrace as a positive turning point for American crypto innovation.