Trump reignites tariff threats against Europe spooking the markets. It's Friday, May 23rd, 2025. I'm Christine Lee. This is Coiness Daily.

U.S. President Donald Trump's threat of a 50% tariff on EU imports and a 25% levy on non-US made Apple iPhones reignited trade tensions Friday,

causing a sharp decline in risk assets, including Bitcoin. BTC fell from a record high above

111,000 to below 109,000, while U.S. stock index futures dropped nearly 2%, with Apple shares

sliding 3.6%.

The president's truth social rants disrupted a previous calm market session ahead of the holiday weekend, targeting the EU for stalled trade talks and Apple for overseas iPhone manufacturing.

Nevertheless, Bitcoin's outlook is bullish, with its 2.1 trillion market cap overtaking Amazon

and Google to become the world's fifth largest asset.

BTC now sits behind iPhone maker Apple, software developer Microsoft, and chipmaker

Navidia, all of which are valued at over $3 trillion.

Way ahead is hard to produce store value gold at an estimated $22 trillion.

Glass nodes accumulation trend score hit a peak level of 1.0, indicating aggressive buying

across the spectrum from whales to smaller holders.

Black Rock's I shares Bitcoin Trust continues to dominate the institutional market, pulling in

877 million in inflows on Thursday alone and bringing its total

net inflow to a staggering $47.6 billion, according to Farsai data. Options market signals

bullish sentiment with the 300,000 June strike now the most popular call, followed by $200,000,

suggesting traders are positioning for a continued

breakout. Finally, Chinese billionaire and Tron founder Justin Sun telling Coin Disc exclusively,

all the haters need to really pay attention. There are positive things happening in the industry

after attending the president's VIP dinner for top Trump meme coin holders. Sun dismissed critics labeling the Trump

meme coin as bribery, calling their skepticism short-sighted and misguided, emphasizing that the

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