Trump Postpones EU Tariffs, Bitcoin Breaks $109,000 – Coincu

President Donald Trump agreed to delay imposing a 50% tariff on European Union imports, moving the deadline from June 1 to July 9, 2025, after a request from European Commission President Ursula von der Leyen.

The decision is significant as it temporarily eases trade tensions, contributing to Bitcoin’s rise above $109,000 amid market anticipation.

Trump Extends Tariff Deadline, Bitcoin Surges Above $109,000

Trump announced the tariff delay at a press briefing in New Jersey, characterizing the extension as a “privilege” extended to the EU. The move follows a request from European Commission President von der Leyen, who urged a swift return to formal trade negotiations.

Changes in trade policy have immediate effects on the cryptocurrency market. The delay announcement led Bitcoin (BTC) to surge past $109,000, illustrating traders’ positive response to easing tensions. Before this, Trump’s prior threat had negatively affected digital currencies and U.S. stocks.

“This extension is a privilege and we will immediately commence rapid trade talks,” President Donald Trump stated.

Market reactions were swift; following Trump’s announcement, Bitcoin’s price increased substantially, affirming investor sentiment. Meanwhile, von der Leyen emphasized readiness for negotiations, urging the U.S. to honor previous agreements.

Bitcoin’s Role Amid Trade Tensions and Market Dynamics

Did you know? During past geopolitical tensions, digital currencies like Bitcoin have often become a refuge for investors, highlighting their role as potential hedges against traditional market instability.

According to CoinMarketCap, Bitcoin (BTC) is valued at $108,915.61, with a market cap of $2.16 trillion. Its dominance in the cryptocurrency market stands at 63.24%. Over the past 24 hours, Bitcoin’s trading volume reached $47.66 billion, indicating a 1.14% increase in price.

Coincu’s research suggests that ongoing negotiations could influence regulatory stances on cryptocurrencies, particularly as infrastructure and technology sectors adapt to policy shifts driven by major economic powers. Investors are advised that historical trends in market responses to geopolitical developments demand careful analysis. Binance is also reacting strategically to these shifts.