Bitcoin price surged above $109,400 in the early Asian trading hours on Monday, hitting its highest level since Friday’s close. Critical Derivative trading metrics suggest the uptick is closely tied to investor reactions to U.S. President Donald Trump’s Sunday evening update regarding EU trade tariffs. Bitcoin (BTC) Nears $110K as Trump Delays 50% Tariff on EU Goods Until July 9 Bitcoin price came within whiskers of $110,000 resistance in the early hours of Monday as markets reacted to fresh social media posts from US President Donald Trump. At approximately 6 PM EST on Sunday, Trump announced via Truth Social that the 50% tariff on European Union imports—initially slated for June 1—would now be delayed until July 9, 2025. “I received a call today from Ursula von der Leyen, President of the European Commission, requesting an extension… I agreed. The Commission President said that talks will begin rapidly.” – Trump posted… Read More at Coingape.com

The post Trump Issues July 9 Update on EU Tariff, as Analyst Warns Potential Red Week For Bitcoin (BTC) appeared first on CoinGape.

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