Bitcoin Rebounds as Trump Extends EU Tariff Deadline, US Futures Tick Higher

Bitcoin climbed back to $ 109,600 in the late trade in Sunday when investors are the decision of President Donald Trump to postpone a proposed rate of 50% on goods from the European Union, and offered markets a postponement of the current worldwide trade tensions.

The movement followed one phone call With the European Commission President Ursula von der Leyen on Sunday, in which the block asked more time to complete a trade agreement.

American stock futures focus higher. S&P 500 Futures rose 0.9%, Dow Futures added 0.8%and Nasdaq-100 Futures won 1%, which reflected a cautious optimism that the delay could relieve transatlantic commercial pressure for now.

Trump initially proposed a rate of 20% for most EU imports in April, which later reduced to 10% to make time for conversations possible. On Friday, before 1 June, he threatened to increase the rates to 50% if the negotiations got stuck before he ran back the timeline at the end of Sunday.

The deadline of July 9 now places markets in a holding pattern, with trade policy again a source of volatility in both traditional and digital assets.

Nevertheless, the sentiment seems to retain for those who are gambling on a favorable result for American trade policy.

“Bitcoin has lately exchanged more in line with Gold and reflects the profession as a non-sovereign assets and inflation cover,” said Ryan McMillin, Chief Investment Officer at Crypto Fund Manager Merkle Tree Capital, said Decrypt. “With the global M2 rise in recent months, gold has already been broken to all time and now Bitcoin is catching up. We expect that this trend will continue in the coming months, with Bitcoin that will go to US $ 120,000 and beyond.”

That is a price target that is supported by others, including PAV Hundal, main market analyst at Crypto Exchange Swyftx.

“It is not easy to separate the signal from the noise in a trade war, and positioning can shuffle in the short term, but currently looking up options of $ 120,000, Hundal said Decrypt. “On Derebit there is more than half a billion dollars on the notional volume that is at the level of $ 120,000 on the contract at the end of June. “

The EU, which more than exported $ 600 billion In goods to the US last year, his own retribution rates had paused $ 23 billion In the entry of the US, and currently consults additional measures that are aimed at $ 95 billion in goods.

Crypto -markets were broadly stable on Sunday. Ethereum floated near $ 2,550, while Solana and Avalanche made modest profit between 1% and 2%.

Traders again weigh geopolitical risks against continuous institutional intake and upcoming macro -economic signals, including the Fresh US Core PCE inflation print of this week, expects on Friday.

Bitcoin’s Rally lost Momentum in April after the White House had unveiled a blanket rate framework, thereby activating a withdrawal into livered positioning and the weakening of the short -term sentiment in the short term. Bitcoin fell almost 2% after Friday’s rate threats.

“Tariefpraat can see a few bumps along the way, and we hope that more trade agreements will be announced soon,” McMillin added.

Analysts say that digital assets continue to show sensitivity to macro policy instructions, in particular where monetary conditions and trade dynamics cross each other. However, they also say that the current rally feels in crypto structural sound than earlier cycles.

“The wider background remains bullish,” wrote QCP Capital from Singapore in one remark On Friday. “A more adjustment of the American regulatory environment, in combination with persistent institutional inflow through both ETFs and direct spotaallocations, promotes structural demand.”