Bitcoin Bounces to $109K as Trump Postpones EU Tariff Hike, Easing Market Tensions

Bitcoin surged back to $109,600 late Sunday after U.S. President Donald Trump postponed a steep tariff hike on European Union imports, providing temporary relief to jittery global markets.

The decision came after a phone call with European Commission President Ursula von der Leyen, during which the EU requested additional time to work out a comprehensive trade agreement. The U.S. leader had previously floated a 50% tariff on EU goods starting June 1, but has now pushed that deadline to July 9.

Markets responded favorably. U.S. equity futures ticked higher, with S&P 500 futures climbing 0.9%, the Dow rising 0.8%, and Nasdaq-100 futures up 1%. Investors appeared cautiously optimistic that the delay might de-escalate transatlantic trade tensions, at least in the near term.

Initially, the White House had proposed a 20% tariff on EU imports in April, then reduced it to 10% to encourage negotiations. Friday’s threat to escalate the rate to 50% was quickly walked back over the weekend—highlighting the volatile nature of current trade diplomacy and its influence on both traditional and digital markets.

Bitcoin, which has increasingly mirrored gold in its behavior, benefited from the uncertainty, reinforcing its image as a hedge against inflation and geopolitical disruption. Meanwhile, the EU, which sent over $600 billion in exports to the U.S. last year, has paused retaliatory tariffs on $23 billion worth of U.S. goods. Brussels is now reviewing potential new countermeasures affecting $95 billion in trade.

The broader crypto market remained mostly steady. Ethereum held near $2,550, while Solana and Avalanche posted minor gains between 1% and 2%.

As the week begins, traders are watching the macro landscape closely. Alongside trade headlines, attention is turning toward Friday’s release of the U.S. core PCE inflation data—one of the Fed’s key indicators. With institutional crypto inflows ongoing and geopolitics in flux, volatility remains in focus across all asset classes.