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Apple Loop: Faster iPhone 17 Leaks, Disappointing iPhone 16 Pro Sales, Critical iOS Update

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Apple

IPhones made outside US will face tariffs, Trump warns Apple

Trump posted on social media that iPhones made in countries like India, Vietnam should pay a 25% tariff when sold in the US…

Published 1 week ago in
IPhones made outside US will face tariffs, Trump warns Apple

Trump posted on social media that iPhones made in countries like India, Vietnam should pay a 25% tariff when sold in the US…
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Apple

Crypto Bulls Lose $500M as Bitcoin Hovers Around $108K After Trump’s Tariff Threats

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Crypto Bulls Lose $500M as Bitcoin Hovers Around $108K After Trump’s Tariff Threats U.S. President Donald Trump threatened a 50% tariff on all European Union imports and a 25% levy on imported Apple iPhones late Friday, sending markets tumbling. By Shaurya

Published 2 weeks ago in
Crypto Bulls Lose $500M as Bitcoin Hovers Around $108K After Trump’s Tariff Threats
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Crypto Bulls Lose $500M as Bitcoin Hovers Around $108K After Trump’s Tariff Threats

U.S. President Donald Trump threatened a 50% tariff on all European Union imports and a 25% levy on imported Apple iPhones late Friday, sending markets tumbling.

By Shaurya Malwa
Updated May 27, 2025, 2:16 p.m. Published May 24, 2025, 7:03 a.m.
(TheDigitalArtist/Pixabay)

What to know:

  • Bullish crypto bets lost over $500 million as markets reacted to President Trump’s tariff threats.
  • Bitcoin’s price dropped sharply, leading to significant losses across the crypto market, including ether, Solana, XRP, and dogecoin.
  • The largest single liquidation was a $9.53 million BTC-USDT swap on OKX, highlighting market volatility and potential turning points.

Bullish crypto bets lost over $500 million in the past 24 hours as traders took profits and markets slid following President Donald Trump’s fresh threats of tariffs on European imports and Apple products, sparking a wave of liquidations.

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Bitcoin, which had been trading above $111,000, dropped quickly to around $108,600, wiping out intraday gains and rattling broader market sentiment.

BTC’s drop was mirrored across the crypto complex, with futures tracking ether (ETH), Solana’s SOL, xrp (XRP) and dogecoin (DOGE) showing losses from $30 million to over $100 million.

Bitcoin futures saw roughly $181 million in losses, while Ether futures accounted for nearly $142 million. Altcoins added another $100 million in liquidations, including notable wipeouts in SOL, DOGE, and XRP.

pic

The largest single liquidation was a $9.53 million BTC-USDT swap on OKX, CoinGlass data shows.

A liquidation occurs when an exchange forcefully closes a trader’s leveraged position due to the trader’s inability to meet the margin requirements.

Large-scale liquidations can indicate market extremes, like panic selling or buying. A cascade of liquidations might suggest a market turning point, where a price reversal could be imminent due to an overreaction in market sentiment.

The pullback arrived just as bitcoin was gaining momentum on ETF inflows and growing institutional interest, leading some to expect a calm weekend.

Instead, volatility returned in full force. With the macro environment now destabilized by renewed trade war fears, traders may remain cautious heading into next week’s sessions.

Shaurya Malwa

Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.

Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.

He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap, PancakeSwap, BurgerSwap, Orca, AnySwap, SpiritSwap, Rook Protocol, Yearn Finance, Synthetix, Harvest, Redacted Cartel, OlympusDAO, Rome, Trader Joe, and SUN.

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Shaurya Malwa

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Stock markets slide on Trump social media missives

Stock markets across the western world felt the “chill winds” of Donald Trump’s latest trade salvos on Friday after the US President vowed to levy tariffs on imports from Europe and all Apple products made outside the US. America’s S&P 500 index opened down 1.62 per cent as traders pared back bets on US stocks

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Good Vibes Shattered as Trump Revives Trade War, Sending Bitcoin Tumbling Below $109K

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Good Vibes Shattered as Trump Revives Trade War, Sending Bitcoin Tumbling Below $109K The president Friday morning threatened an imminent 50% tariff on all EU imports as well as a 25% levy on imported Apple iPhones. By Stephen Alpher Updated May

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Good Vibes Shattered as Trump Revives Trade War, Sending Bitcoin Tumbling Below $109K
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Good Vibes Shattered as Trump Revives Trade War, Sending Bitcoin Tumbling Below $109K

The president Friday morning threatened an imminent 50% tariff on all EU imports as well as a 25% levy on imported Apple iPhones.

By Stephen Alpher
Updated May 27, 2025, 4:08 p.m. Published May 23, 2025, 12:14 p.m.
Donald Trump (Tom Brenner For The Washington Post via Getty Images)

President Donald Trump (Tom Brenner For The Washington Post via Getty Images)

What to know:

  • Risk assets — bitcoin among them — fell sharply during early morning U.S. hours after President Trump reignited what had been cooling trade tensions.
  • Floating along at above $111,000, bitcoin quickly fell about 2.5% on the news.
  • The president threatened a 50% tariff on all EU imports to begin June 1 as well as a 25% tariff on Apple iPhones not made in the U.S.

What was setting up to be a somewhat sleepy session ahead of the holiday weekend is no more as President Trump woke up and chose to reignite what had been cooling trade tensions.

“The European Union … has been very difficult to deal with,” said the president in a Truth Social posting. “Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% tariff on the EU, starting on June 1.”

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The leader of the free world also took aim at Apple (AAPL) and its CEO Tim Cook. “I have long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the U.S. will be manufactured and built in the U.S., not India or anyplace else. If that’s not the case, a tariff of at least 25% must be paid by Apple.”

U.S. stock index futures quickly moved from modest gains to nearly 2% declines, with Apple falling 3.6%. Above $111,000 prior to the news, the price of bitcoin

BTC$104,381.43

quickly pulled back to $108,600.

Donald TrumptariffBitcoinAppleBreaking News
Stephen Alpher

Stephen is CoinDesk’s managing editor for Markets. He previously served as managing editor at Seeking Alpha. A native of suburban Washington, D.C., Stephen went to the University of Pennsylvania’s Wharton School, majoring in finance. He holds BTC above CoinDesk’s disclosure threshold of $1,000.

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