On Friday, the US president suggested to tax European imports with 50% taxes.
Macroeconomic tensions impact financial assets.
The president of the United States, Donald Trump, announced on Sunday, May 25, an extension of the deadline to impose 50% tariffs on imports from the European Union, setting the new date for July 9, 2025.
The decision, communicated Through his social network, Truth Social, responds to a request from the president of the European Commission (CE), Ursula von der Leyen, after a call between both leaders. Von der Leyen highlighted The importance of the commercial relationship between the EU and the United States, stressing that The block is ready to negotiate quickly and decisively.
In the following image, Trump’s announcement in Truth Social:
After the announcement, the price of Bitcoin (BTC) showed a recovery, stabilizing at $ 109,800, relieving the fall suffered days before.
Recall that last Friday, Trump suggested imposing a 50% tariff on European imports from June 1, qualifying the EU as a “difficult to treat” block. The statement generated an immediate reaction in the marketswith the price of Bitcoin falling from $ 111,000 to just over $ 107,000 in minutes, as reported by cryptootics.
This abrupt fall caused losses of 300 million dollars for leverage trailers, who were affected by the volatility triggered by macroeconomic tensions. The threat of tariffs had fueled fears on an impact on global trade, affecting financial assets, including the cryptocurrency market.
The extension of the term announced by Trump offers a respite to the markets, relieving the geopolitical pressures that influenced the fall of Bitcoin. The digital currency, known for its rapid recovery before events of this type, began to stabilize after the announcement. In general, BTC has historically demonstrated an ability to overcome abrupt falls, backed by its growing adoption and trust of investors.
This behavior was reflected in the recovery of the price towards $ 109,800 at the time of writing this report, After playing minimum of $ 107,000 on Friday, as can be seen in the graph of tradingview shared below:
Bitcoin institutional interest continues to be a key factor in its price dynamics. As Cryptonoticia has reported, the phomo (feeling of fear due to staying out) have contributed to promoting upward price, accumulating positions in the midst of volatility. This movement reflects sustained confidence in the asset, even in the face of macroeconomic uncertainty.
In addition, bullish expectations are reinforced with options from the option market. This, taking into account that in Delibit purchase orders were opened with exercise prices of 120,000 and $ 130,000, with an open interest concentrated in the levels of 110,000, 120,000 and $ 300,000 for the expiration of June 27. These movements suggest that speculators They anticipate a sustained bitcoin rally in the short and medium term.
The macroeconomic context remains a determining factor for financial assets, including bitcoin. Commercial tensions between the United States and the European Union, combined with other global events, such as uncertainty in energy markets and monetary policies of central banks, They keep attentive investors.
In this scenario, Bitcoin’s capacity to stay close to $ 110,000 reflects a balance between the selling pressure caused by adverse news and the bullish impulse generated by the institutional interest.
As negotiations between the United States and the EU advance, the markets will continue to closely monitor any development that can alter the global commercial landscape. For Bitcoin, the extension of tariffs represents an opportunity to consolidate their recovery, backed by investor’s confidence and the expectations of a rally in the coming months.
What will happen to Bitcoin later?
Beyond tension and volatility reigning in the current market, in the medium and long term Expectations continue to be mostly bartering for Bitcoin.
The institutional fomo by BTC remains firm And this, by simple supply and demand law, will end up being bullish for digital currency.
As explained by cryptootics, the current price area could be transformed into a resistance zone for a few days (and, perhaps, it has some bearish corrections), but it is expected that then BTC will go to look for new maximums.
The professional trader and market analyst, Willy Woo, believes that BTC will quickly go to $ 118,000. Iván Paz Chain, CEO of Trading Different, has also identified a large liquidity area between $ 113,000 and $ 118,000, where Bitcoin could go in the near future.
