Stocks dropped on Friday as investors digested Trump's latest tariff threats.The president said Apple could be hit with 25% tariffs, while threatening 50% against the EU.Bond yields were stable but the greenback tumbled,

The U.S. dollar dropped across the board on Friday, as investors dumped the currency after U.S. President Donald Trump once again ratcheted up his trade war, recommending that the European Union be hit with 50% tariffs beginning June 1.

Bitcoin joins risk assets in a knee-jerk reaction to the latest instalment of the US trade war, this time focused on the EU. BTC price action dives up to 4% before recovering with $110,000 now a resistance level. Traders demand that price holds higher levels going forward to protect bullish momentum.