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.

Bitcoin and other cryptocurrencies turned sharply lower Friday after President Donald Trump threatened tariffs on both the European Union and iPhone-maker Apple. It follows a two-day stint during which the world’s largest crypto hit a record.

On today's episode of CNBC Crypto World, bitcoin continues its rally, hitting a brand new record. Plus, President Trump gears up to host a private dinner for the biggest buyers of his meme coin amid concerns from Democrats over potential conflicts of interest.