Bitcoin Hits $109K After Tariff Delay Boosts Market

Bitcoin Sees Modest Rebound After Market Turmoil

On the last day, Bitcoin increased 1.4%. In early Asian hours on May 26, it was trading at $109,637. After trade tensions between the United States and the European Union began to subside, there was a lull before the increase. The tone among investors changed a little. The market was somewhat revived by the relief.

The recent price jump came after a shaky week. On May 22, Bitcoin momentarily reached a record high of $111,814 USD. It then dropped sharply to around $107,500. Still, Bitcoin remained up by 15% over the last 30 days. This shows the asset is still holding strong despite big swings in price. Bitcoin-related derivatives also saw more action, suggesting traders were returning to the market.Source: CoinGecko

Coinglass reports that there was a 2.59% increase in 24-hour open interest for Bitcoin. The total amount was $76.66 billion. Additionally, trading volume increased by 10.85% to $89.91 billion. These figures point to increased confidence and interest. An increase in volume and open interest frequently indicates that traders are putting fresh wagers. This may indicate additional price movements in the near future, particularly in erratic markets like cryptocurrency.

Trump Delays Tariff Decision, Markets React

President Donald Trump of the United States released a statement on Truth Social on May 25. He declared that he would postpone the date of June 1st for applying 50% tariffs to EU products. He brought up European Commission President Ursula von der Leyen, requesting more talks. The new deadline has been set for July 9. This update provided some breathing room for global markets.

Markets were uneasy just a few days earlier. On May 23, Trump had threatened to enforce the tariffs if talks fell through. This caused concern among investors. The delay came as a surprise and helped calm nerves. Still, the issue isn’t over. There is now a new date to watch. Any future developments could affect both crypto and traditional markets.

Source: X

The financial markets reacted rapidly. Futures for U.S. stocks rose. S&P 500 futures saw a 0.9% increase. Futures on the Dow rose 0.8%. Futures for the Nasdaq-100 were up 1%. Gold fell 0.3% at the same time, closing at $3,346.59 an ounce. The decline indicates that investors are shifting their focus from safe to riskier investments.

The drop in gold prices highlights a shift in risk appetite. Investors tend to steer clear of gold when they feel safer. Bitcoin, often viewed as a risky bet, saw gains during this shift. Some traders see it as a way to capture big returns when confidence improves. This attitude has helped support Bitcoin’s recent recovery.

For now, traders are using the calm to reset their strategies. But the broader picture is still unclear. Trump’s trade policies can change quickly. That unpredictability affects how markets behave. Crypto traders, like everyone else, will be watching for updates from the U.S.-EU talks. July 9 is now the key date. Until then, price swings are likely to continue.