Monat: Mai 2025

• Bitcoin price fell to a low of $ 107,385 on Friday as stocks and crypto plummeted.
• BTC slipped alongside Wall Street after US President Donald Trump recommended a 50% tariff on European Union.
• Per Coinglass data, the total 24-hour liquidation spiked to more than $550 million.

Bitcoin fell more than 2.7% on Friday after US President Donald Trump recommended a 50% tariff on European Union goods.

As the global stocks dipped amid Trump’s tariffs threat, Bitcoin (BTC) price plunged below $110k to hit lows of $107,385.

However, with the Dow Jones Industrial Average also seeing a slight recovery from a dip of more than 500 points, BTC price quickly recovered to trade above $109,600.

 

 

Over $300 million liquidated

The 24-hours losses stood around 1.7% at the time of writing, with the daily trading volume of BTC down 30% to $65.5 billion.

Bitcoin’s market cap hovered around $2.17 trillion.

Meanwhile, bullish traders caught offside by the sudden price swing experienced staggering liquidations.

Per Coinglass data, the total 24-hour liquidation rose to over $550 million, with long positions accounting for over $395 million.

Of these recent longs, about $309 million happened in the hours after President Trump’s post on Truth Social.

Shorts accounted for about $156 million in liquidations over the past 24 hours, with about $36 million in the last four hours.

What did Trump say?

On Friday, US President Donald Trump took to his Truth Social account to announce his disappointment in how trade talks with the European Union have progressed – or not – so far.

According to him, the EU “has been very difficult to deal with” and that discussions between the US and the bloc were not going anywhere.

Trump then said he recommends a “straight 50% tariff” on goods from the EU, starting on June 1, 2025.

“The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with. Their powerful Trade Barriers, VAT Taxes, ridiculous Corporate Penalties, Non-Monetary Trade Barriers, Monetary Manipulations, unfair and unjustified lawsuits against American companies, and more, have led to a Trade Deficit with the U.S. of more than $250,000,000 a year, a number which is totally unacceptable,” Trump noted.

Bitcoin price reacts, dips below $110k

Stocks and cryptocurrencies fell following this announcement. Bitcoin, which had reached a new all-time high above $111k, pared some of these gains.

However, despite the dip, BTC is back above $109k and looking to reclaim $110k.

Anthony Pompliano says investors are going to quickly buy the dip, as happened in recent weeks amid tariff-related sell-offs.

Every time the market dumps because of tariff threats, retail investors are going to buy the dip.

Law of the universe at this point.

— Anthony Pompliano 🌪 (@APompliano) May 23, 2025

BTC traded at around $109,692 at the time of writing.

The post BTC slips to $109k after Trump threatens 50% tariffs on EU appeared first on CoinJournal.

• Zcash is up 12% as privacy coins, including Monero, post decent gains.
• The ZEC token has hit $50 from its low of $30 in February
• A crypto analyst says a breakout could see Zcash target $300.

The Zcash (ZEC) token pumped more than 12% as privacy coins joined the crypto party following Bitcoin’s spike to above $111,000.

As the investor community ponders what’s next for BTC amid overwhelmingly bullish forecasts, Ethereum, XRP, and even Dogecoin are up.

Meanwhile, the Zcash token has quietly pumped to hit prices above $50.

Privacy coins rally, with WLD up 16%

The surge for ZEC comes as the $49 billion privacy coins market witnessed spikes for Monero, MimbleWimbleCoin, Dash, and Decred. As well as these privacy coins, also on fire is Worldcoin, the token of the privacy-preserving network eyeing proof of personhood. WLD ranked as the top-gaining among these coins in the past 24 hours with a notable 16% uptick.

Helping Worldcoin’s upside is news that the World Foundation had secured funding of $135 million via private token sale to its venture capital partners, a16z and Bain Capital Crypto.

Zcash was up alongside most of these tokens, with potential catalysts including the recent ZEC integration with decentralized liquidity protocol Maya. Per details in the announcement, Maya is integrating Zcash to enhance the ecosystem’s decentralization, liquidity, and transaction privacy.

“The integration of Zcash with the Maya Protocol represents a major step forward regarding liquidity and decentralized exchange capabilities. With Maya, Zcash users can now enjoy the benefits of a more liquid and decentralized trading environment,” Maya wrote in a blog post.

Zcash price hits $50: What’s next?

Recent struggles saw Zcash price trade from highs of $75 in early December 2024 to lows of $30 in February 2025.

The downside mirrored the broader market cooling off post “Trump trade” euphoria.

However, Zcash also faced pressure as privacy coins came under fresh negative commentary.

The impact has been an increase in bearish action.

In this case, ZEC’s spike to above $50 has bulls excited.

If ZEC strengthens its bullish momentum, reclaiming support above $50, the next main target will be $75.

The psychological level of $100 is another hurdle, with a bull market target in the near term likely to be 2022 highs above $177.

Crypto analyst Javon Marks shared the update below about ZEC price on X, taking an even more bullish outlook:

$ZEC (ZCash) is back on the rise here and could be getting ready for a significant continuation towards the breakout target at $308.461!

This target is currently in play and over 555% away so a substantial increase can be on the way… https://t.co/3QR14bckEU

— JAVON⚡️MARKS (@JavonTM1) May 22, 2025

On the downside, $45 and $40 could be key support areas.

However, integration with Maya and Zcash’s stance on privacy is a big plus.

Zcash recently noted that a “truly private financial system protects all data of all users, not just their names.”

Recent security issues involving crypto projects and exchanges mean users fancy a privacy coin that caters to user security for wallet addresses, balances, and transactions.

Monero and Zcash continue to stand out as the top privacy-centric coins, and a surge in their respective prices suggests market attention.

The post Zcash price jumps 12% as privacy coins soar: What next for ZEC? appeared first on CoinJournal.