Bitcoin Price Recovers to $109,000 After Trump Extends EU Tariff Deadline
The post Bitcoin Price Recovers to $109,000 After Trump Extends EU Tariff Deadline appeared on BitcoinEthereumNews.com. TLDR Bitcoin recovered to $109,637 after Trump extended EU tariff deadline from June 1 to July 9, 2025 Trump initially threatened 50% tariffs on EU goods but agreed to extension after call with EU Commission President Bitcoin derivatives saw increased activity with 24-hour open interest rising 2.59% to $76.66 billion US equity futures gained up to 1% while gold dropped 0.3% as risk appetite improved Analysts maintain bullish outlook with $120,000 Bitcoin price target for June despite trade tensions Bitcoin climbed back above $109,000 on May 26 as President Donald Trump extended his deadline for imposing tariffs on European Union goods. The cryptocurrency rose 1.4% in 24 hours to reach $109,637 during early Asian trading hours. The recovery comes after a volatile period that saw Bitcoin hit an all-time high of $111,814 on May 22. The digital asset then dropped to around $107,500 before the latest rebound. Trump announced on May 25 that he would delay implementing 50% tariffs on EU goods until July 9, 2025. The original deadline was set for June 1, 2025. The decision followed a phone call with European Commission President Ursula von der Leyen. She requested more time for trade negotiations between the US and EU. Trump posted on Truth Social confirming the extension. He stated it was his “privilege” to grant the additional time for discussions. The tariff threat had created uncertainty in global markets. Trump initially proposed 20% tariffs on EU imports in April before reducing them to 10%. On May 23, he escalated the threat to 50% tariffs if negotiations failed by June 1. This announcement caused Bitcoin to fall nearly 2% at the time. Market Response Shows Risk Appetite Return Financial markets responded positively to the tariff delay announcement. US equity futures gained across major indices on Monday morning. S&P 500…
The post Bitcoin Price Recovers to $109,000 After Trump Extends EU Tariff Deadline appeared on BitcoinEthereumNews.com.
TLDR Bitcoin recovered to $109,637 after Trump extended EU tariff deadline from June 1 to July 9, 2025 Trump initially threatened 50% tariffs on EU goods but agreed to extension after call with EU Commission President Bitcoin derivatives saw increased activity with 24-hour open interest rising 2.59% to $76.66 billion US equity futures gained up to 1% while gold dropped 0.3% as risk appetite improved Analysts maintain bullish outlook with $120,000 Bitcoin price target for June despite trade tensions Bitcoin climbed back above $109,000 on May 26 as President Donald Trump extended his deadline for imposing tariffs on European Union goods. The cryptocurrency rose 1.4% in 24 hours to reach $109,637 during early Asian trading hours. The recovery comes after a volatile period that saw Bitcoin hit an all-time high of $111,814 on May 22. The digital asset then dropped to around $107,500 before the latest rebound. Trump announced on May 25 that he would delay implementing 50% tariffs on EU goods until July 9, 2025. The original deadline was set for June 1, 2025. The decision followed a phone call with European Commission President Ursula von der Leyen. She requested more time for trade negotiations between the US and EU. Trump posted on Truth Social confirming the extension. He stated it was his “privilege” to grant the additional time for discussions. The tariff threat had created uncertainty in global markets. Trump initially proposed 20% tariffs on EU imports in April before reducing them to 10%. On May 23, he escalated the threat to 50% tariffs if negotiations failed by June 1. This announcement caused Bitcoin to fall nearly 2% at the time. Market Response Shows Risk Appetite Return Financial markets responded positively to the tariff delay announcement. US equity futures gained across major indices on Monday morning. S&P 500…
What's Your Reaction?
