Crypto Prices Resume Their Bullish Trend as Trump Extends EU Tariff Deadline

US President Donald Trump's volatile tariff policy is at the forefront once again. Following a phone call with European Commission President Ursula von der Leyen, Trump extended his tariff deadline on the EU to July 9th.

Crypto prices have resumed their bull trend on Monday after the sharp sell-off on Friday and the ensuing weakness over the weekend.

US President Donald Trump’s volatile tariff policy is at the forefront once again. Following a phone call with European Commission President Ursula von der Leyen, Trump extended his tariff deadline on the EU to July 9th.

Trump and von der Leyen struck a cordial tone in their social media posts, offering much-needed relief to financial markets as investors now anticipate a trade deal that could significantly ease Trump’s proposed 50% tariffs.

US equity futures are green on Monday, while the Bitcoin price has reclaimed the key $110,000 price mark.

Crypto Price Pump as Trump Pushes EU Tariff Deadline

Due to its high market capitalization and mature market, Bitcoin tends to closely track broader financial markets and macroeconomic trends.

Hence, Trump’s unexpected announcement of 50% tariffs on the European Union spoiled last week’s crypto bull run, resulting in a sharp sell-off on Friday.

However, large-cap crypto assets held key support levels. Bitcoin closed the week above $109k, while Ethereum secured a weekly close above the key $2550 support level.

The US President has since pushed the EU tariff deadline to July 9th, paving the way for a bullish continuation in crypto prices. Prominent analyst Michale van de Poppe of MN Trading now projects the Bitcoin price will hit $125k in June.

Point of interest has been holding on #Bitcoin.I assume we'll see new highs in the coming few days as the strength continues. Small dips, and continuation. On to $125K into June. pic.twitter.com/v9R9JhHZJ1

— Michael van de Poppe (@MvandePoppe) June 5, 2024

Meanwhile, altcoins are staging strong rebounds across the board. The weekly MACD has just flipped bullish on TOTAL2 — the total crypto market cap excluding Bitcoin — a signal that preceded explosive Altseasons in both 2023 and 2024.

In particular, the AI agent crypto sector is seeing a strong rally today, with Artificial Superintelligence Alliance (FET), Virtuals Protocol (VIRTUAL) and ai16z (AI16Z), up by double digits. Aixbt (AIXBT) is the top performer in the sector, up by over 25% today.

Also, the new Layer-1 coin, Hyperliquid (HYPE), formed a new all-time high on Monday as well, trading as high as $39.93.

Solana ecosystem coins — including Jupiter (JUP) and Raydium (RAY) — are also among the top performers today, appreciating by 18% and 10%, respectively.

It’s crucial to watch which crypto assets rebound the strongest during market-wide relief, as these often signal the highest underlying demand — making them some of the best cryptos to buy for the ongoing bull run.Best New Cryptos to Buy Now

Bitcoin continues to be among the best cryptos to buy now. The largest cryptocurrency still has significant upside potential, with the bulls aiming for $150,000 in the coming weeks, especially if BTC manages to secure a daily close above the $110,000 resistance.

BTC’s strength has also paved the way for a full-blown altseason. Layer-1 coins like Ethereum, Solana, XRP, Sui and Hyperliquid are among the most attractive investments.

Smart money investors are viewing meme coins as beta bets on their respective blockchains. Hence, Pepe, Dogwifhat, and Popcat are also in high demand.

As previously mentioned, sidelined investors should also gain exposure to the AI agent sector. Besides the blue chips like VIRTUAL and AI16Z, low-cap gems like new crypto MIND of Pepe (MIND) are attractive buys.

The MIND presale has already raised nearly $11 million in its ICO, showcasing strong potential. With its presale ending on May 31st, provides a final chance for investors to get involved in a low-cap AI agent coin before its exchange listings.

Last chance to buy $MINDhttps://t.co/Co2K02Tpkb pic.twitter.com/DDNkhkf0B6

The MIND of Pepe AI agent is already live, and token holders will soon receive cutting-edge market analysis as well as priority access to all meme coins launched by the AI model.

Due to its unique value proposition, several analysts are even calling MIND the next 100x crypto.

Meanwhile, new Solana ecosystem coins like JUP and RAY are also showing bullish strength.

A new Solana Layer-2 coin, Solaxy (SOLX), is in high demand as well, raising over $40