Bitcoin Rises on EU Tariff Delay, Gains 1.8% Amid Improved Risk Sentiment

Bitcoin Rises 1.8% After US Delays EU Tariffs Amid Market Volatility

Bitcoin climbed 1.8% to $109,684 in European trading following the US government’s decision to postpone 50% tariffs on European Union imports to July 9. This delay reversed losses caused by the initial tariff threat scheduled for June 1, helping Bitcoin recover after a dip.

The cryptocurrency recently reached an all-time high of $111,965 last week, reflecting strong investor interest despite ongoing political uncertainties. Market liquidity is lower than usual due to public holidays in the US and UK, which contributes to continued volatility.

Naeem Aslam, market analyst at Zaye Capital Markets, highlighted the significant influence of political decisions on Bitcoin’s price, noting that “Trump’s digital megaphone remains one of the most powerful market-moving engines in the global financial world.”

Investors continue to monitor geopolitical developments closely, as these factors remain key drivers of Bitcoin’s price fluctuations in the near term.