US President Donald Trump announced on Sunday, May 25th that the deadline for imposing a 50% tariff on imports from the European Union, setting a new date on July 9th, 2025.
The decision will be communicated through its social network, Truth Social, and after a call between the two responds to a request from the President of the European Commission (CE) Ursula von Der Leyen. Von Der Leyen highlighted and emphasized the importance of commercial relations between the EU and the US The block is ready to negotiate quickly and decisively.
In the following image, the social announcement of Trump’s truth:
After the announcement, Bitcoin (BTC) prices showed a recovery, stabilizing at $109,800, softening the fall a few days ago.
Remember last Friday, Trump proposed that he had imposed a 50% tariff on European imports from June 1st, qualifying the EU as a “difficult to treat” bloc. statement It produced an immediate response in the marketas reported by Cryptootics, Bitcoin prices fall from $111,000 to $107,000 in just a few minutes.
This sudden drop caused a $300 million loss in leveraged trailers. The trailer was affected by volatility caused by macroeconomic tensions. The threat of tariffs promotes fear of impact on global trade, affects financial assets, Includes cryptocurrency markets.
The extension of the term Trump has released will provide a rest for the market and ease the geopolitical pressures that have affected the collapse of Bitcoin. Digital currencies known for their fast pre-event recovery of this type have begun to stabilize after the announcement. In general, BTC has historically demonstrated its ability to overcome sudden falls backed by investor adoption and increased trust.
This behavior was reflected in the price recovery at the time of writing this report. After playing a minimum of $107,000 on Friday, As seen in the cordingView graph shared below:
Bitcoin’s institutional profit remains a key factor in price dynamics. As Cryptonoticia reports, Phomo (a sense of fear from going out) contributes to promoting rising prices and accumulates positions amidst volatility. This move reflects sustained trust in assets; Even in the face of macroeconomic uncertainty.
Furthermore, bullish expectations are strengthened with options from the options market. This takes into account that purchase orders at Delibit are opened at strike prices of $120,000 and $130,000 and there is open interest concentrated at levels of 110,000, 120,000 and $300,000 due to the expiration date of June 27th. They anticipate sustainable Bitcoin rallies in the short and medium term.
The macroeconomic context remains a determinant of financial assets, including Bitcoin. The commercial tension between the US and the European Union, coupled with other global events, such as uncertainty in the energy market and central bank monetary policy. They maintain courteous investors.
In this scenario, the ability of Bitcoin to remain close to $110,000 It reflects the balance of sales pressure caused by adverse news and a bullish impulse created by institutional benefits.
Negotiations between the US and the EU advance will continue to monitor developments that could change the global commercial environment. For Bitcoin, tariff extensions represent an opportunity to consolidate the recovery backed by investor trust And I look forward to meetings in the coming months.
What happens to Bitcoin later?
Beyond current market tensions and volatility governance, medium and long term Bitcoin expectations continue to deviate primarily.
Institutional FOMOs by BTC are still solid And this is going to be bullish for digital currencies due to simple supply and demand laws.
As explained in Cryptootics, the current price area could be converted to a resistance zone for several days (and there are probably some bear corrections), but BTC is expected to look for new maximums.
Professional trader and market analyst Willie Wu believes BTC will soon be at $118,000. Iván Paz Chain, CEO of Trading Different, has identified a large liquidity area between $113,000 and $118,000 that Bitcoin can move on to in the near future.