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Cryptocurrency News Articles

Bitcoin (BTC) Price Surges 1.4% as US President Donald Trump Delays EU Tariffs

May 27, 2025 at 01:49 pm

Bitcoin (BTC) has risen 1.4% in the past day, reaching an exchange rate of $109,637 in early Asian hours on May 26.

Bitcoin (BTC) price rose 1.4% in the past 24 hours to reach an exchange rate of $109,637 by 07:00 ET (11:00 GMT) on Friday, continuing its recovery from recent lows.

The increase came after US President Donald Trump decided to delay the implementation of 50% tariffs on EU goods until July 9, 2025, giving both sides a chance to resume trade talks. This decision has lifted market sentiment that was previously plagued by uncertainty.

Trump's announcement of the tariff delay followed a brief period of tension, with the president threatening to introduce the tariffs on Wednesday if the negotiations failed. The new deadline provides temporary relief to unsettled global markets.

In response, US stock markets showed gains in index futures, with S&P 500 futures rising 0.9%, Dow futures increasing 0.8%, and Nasdaq-100 futures advancing 1%.

On the other hand, gold price fell 0.3% to $3,346.59 per ounce, shifting demand toward riskier assets like Bitcoin (BTC). This change in risk appetite suggests that investors are seeking investment alternatives that may provide higher returns amid more stable market conditions.

Bitcoin Market Dynamics

In a volatile week, Bitcoin (BTC) briefly touched a new peak of $111,814 on Tuesday, before sliding to around $107,500. Despite the decline, the digital currency still recorded a 15% gain in the last 30 days.

Activity in the Bitcoin derivatives market has also increased, signaling restored confidence among traders.

Data from Coinglass shows that open interest in the last 24 hours increased by 2.59% to $76.66 billion, while trading volume rose by 10.85% to $89.91 billion. An increase in volume and open interest usually indicates that traders are building positions, often anticipating volatility or upward price movement.

However, traders in the leveraged market experienced a shift, with short positions now holding a majority at 52.61%, compared to long positions at 47.39%. This shift may be attributed to traders betting on a potential decrease in Bitcoin (BTC) price, leading to a liquidation of long positions and a buildup of short positions.

Despite the market volatility and shifting trader preferences, Bitcoin (BTC) price remains in a strong uptrend, and traders will continue to monitor the market closely for signs of further price movements.

Stay tuned for the latest cryptocurrency news and analysis.

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties.

Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

The post Bitcoin Price Rises 1.4% as Tariffs Spark Shifts in Global Markets appeared first on Pintu News.

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