{"id":842,"date":"2025-05-26T05:35:57","date_gmt":"2025-05-26T05:35:57","guid":{"rendered":"https:\/\/bitunikey.com\/news\/bitcoin-reclaims-109k-as-trump-extends-eu-tariffs-deadline-to-allow-for-talks\/"},"modified":"2025-05-26T05:35:57","modified_gmt":"2025-05-26T05:35:57","slug":"bitcoin-reclaims-109k-as-trump-extends-eu-tariffs-deadline-to-allow-for-talks","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/bitcoin-reclaims-109k-as-trump-extends-eu-tariffs-deadline-to-allow-for-talks\/","title":{"rendered":"Bitcoin reclaims $109K as Trump extends EU tariffs deadline to allow for talks"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Bitcoin rose 1.4% in the past day to trade at $109,637 on May 26 early Asian hours, as easing trade tensions between the U.S. and European Union lifted market sentiment.<\/p>\n<p>The modest recovery comes after a volatile week in which Bitcoin (BTC) briefly reached an all-time high of $111,814 on May 22 before falling to about $107,500. The asset is still up by 15% in the last 30 days. Derivatives of Bitcoin also saw an increase in market activity. <\/p>\n<p>Data Coinglass shows that 24-hour open interest <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/BTC\" target=\"_blank\">increased<\/a> 2.59% to $76.66 billion, while trading volume increased 10.85% to $89.91 billion. Rising derivatives volume and open interest usually indicate renewed trader confidence and a build-up of positions, frequently in anticipation of volatility or upward price movement.<\/p>\n<p>The rebound came after U.S. President Donald Trump announced on Sunday, May 25, that he had agreed to extend a June 1 deadline for imposing 50% tariffs on EU goods. In a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/truthsocial.com\/@realDonaldTrump\/114570775887793036\" target=\"_blank\">post<\/a> on Truth Social, Trump said European Commission President Ursula von der Leyen had requested more time for trade talks and a new deadline has been set for July 9.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cI received a call today from Ursula von der Leyen, President of the European Commission, requesting an extension on the June 1st deadline on the 50% Tariff with respect to Trade and the European Union. I agreed to the extension \u2014 July 9, 2025 \u2014 It was my privilege to do so.\u201d<\/p>\n<p>\u2014 U.S. President Donald Trump<\/p>\n<\/blockquote>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The announcement followed a brief period of tension. Global markets were alarmed when Trump threatened to implement the 50% tariffs on May 23 if negotiations failed. For the time being, the abrupt reversal has provided some reprieve.<\/p>\n<p>Financial markets responded positively to the decision, with U.S. equity futures edging higher. S&amp;P 500 futures gained 0.9%, Dow futures rose 0.8%, and Nasdaq-100 futures were up 1% in early Monday trading. Gold, meanwhile, dipped 0.3% to $3,346.59 an ounce. <\/p>\n<p>As risk appetite improves, the decline in gold prices points to a move away from conventional safe-havens. This change in sentiment has helped Bitcoin, which is frequently seen as a speculative risk asset.<\/p>\n<p>In the meantime, traders have been able to temporarily reset expectations thanks to the de-escalation, although Trump\u2019s trade policies are still causing uncertainty in international markets. Both the cryptocurrency and traditional markets will be keeping an eye on any new developments in the U.S.-EU negotiations now that the July deadline has been set.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin rose 1.4% in the past day to trade at $109,637 on May 26 early Asian hours, as easing trade tensions between the U.S. and European Union lifted market sentiment.&hellip;<\/p>\n","protected":false},"author":1,"featured_media":345,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-842","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=842"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/842\/revisions"}],"predecessor-version":[{"id":843,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/842\/revisions\/843"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/345"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}