Bitcoin Rebounds as US Delays Tariffs on EU Imports

Bitcoin Rebounds After US Delays EU Tariffs

Bitcoin (BTC) climbed 1.8% to $109,684 during early European trading on Tuesday, as risk appetite improved following the U.S. government’s decision to postpone 50% tariffs on EU imports until July 9. The delay provided relief to markets after Friday’s tariff announcement had triggered a pullback in crypto and other risk assets.

The initial decision to impose tariffs starting June 1 negatively affected Bitcoin, but the delay helped the cryptocurrency recover some lost ground. Traders saw the move as a short-term win for risk-on sentiment.

“Trump’s digital megaphone remains one of the most powerful market-moving forces in the global financial markets,” wrote Naeem Aslam, Chief Investment Officer at Zaye Capital Markets, highlighting how U.S. President Donald Trump’s statements continue to have outsized effects on market behavior.

Despite the price rebound, trading volumes remained thin due to public holidays in the U.S. and U.K. on Monday. The low liquidity environment could amplify price swings.

Bitcoin, known for its volatility, recently reached an all-time high of $111,965 last week, underlining the cryptocurrency’s sensitivity to macroeconomic headlines and global policy shifts.