Bitcoin Surges Above $109,600 as Trade Tensions Ease Following Trump’s Tariff Delay
The post Bitcoin Surges Above $109,600 as Trade Tensions Ease Following Trump’s Tariff Delay appeared on BitcoinEthereumNews.com.
Bitcoin has surged past $109,600, buoyed by President Trump’s decision to delay EU tariffs, signaling renewed optimism in the crypto market. This decision is pivotal as it alleviates some trade tensions, further aligning Bitcoin’s trajectory with traditional safe-haven assets like gold. “With global M2 surging, Bitcoin is catching up to gold, and our projections see it potentially reaching $120,000,” stated Ryan McMillin, CIO at Merkle Tree Capital. Bitcoin’s recent rise to $109,600 follows Trump’s tariff delay, highlighting the connection between economic policies and crypto market dynamics. Bitcoin’s Resurgence Amid Trade Policy Adjustments Bitcoin’s climb beyond $109,600 is being analyzed against a backdrop of geopolitical uncertainty and economic policy adjustments. The U.S. government’s recent decision to postpone a hefty tariff on European goods is seen as a stabilizing factor for various risk assets, including cryptocurrency. This change comes after a significant call between President Trump and European Commission President Ursula von der Leyen, indicating a desire for further negotiations on trade agreements. Market Reactions and Broader Implications The recent tariff delays caused a ripple effect across financial markets. U.S. equity futures also responded positively, with S&P 500 futures up 0.9% and the Dow and Nasdaq experiencing similar uplifts. The altered trade landscape is expected to influence Bitcoin’s market sentiment as investors remain cautiously optimistic about forthcoming agreements. Growing Institutional Interest in Crypto Assets The allure of Bitcoin also correlates with changing institutional sentiments. More investors view Bitcoin as a viable hedge against inflation, similar to gold. Increased institutional inflows and regulatory shifts in the U.S. seem to fuel this perspective. McMillin emphasizes this sentiment, suggesting that the current environment supports a sustainable bullish trend for Bitcoin, especially amidst the turmoil in traditional markets. Options Market Insights According to Pav Hundal, analyst at Swyftx, the options market is actively betting on Bitcoin…
Filed under: News - @ May 26, 2025 2:26 am