Nexchain (NEX) Crosses $3M in Presale Funding as Bitcoin (BTC) Reclaims $100k

Bitcoin reclaimed the $110,000 mark following a turbulent weekend that rattled market sentiment. Although Bitcoin remains the market's north star

Bitcoin (BTC) reclaimed the $110,000 mark on Monday following a turbulent weekend that saw market sentiment battered by U.S. President Donald Trump’s sudden tariff threats on European Union imports.

However, the White House later postponed the decision, setting the stage for a rebound in risk appetite.

Bitcoin, often viewed as the north star of the crypto market, saw a slight downturn on Sunday as Trump’s threat to immediately impose 50% tariffs on European goods sparked volatility. The tariffs, in retaliation for France’s digital services tax, were set on July 9.

But on Monday, the White House announced a delay of the tariffs until July 9, a move that surprised markets and brought some stability to the crypto scene.

Analysts noted that the tariff postponement, initially reported by Reuters, helped reduce uncertainty in the market and allowed assets like Bitcoin to recover.

“U.S. President Trump has postponed a decision on imposing tariffs of up to 50% on European goods until July 9, a move that could help stabilize market sentiment,” said Vanda Research in a note on Monday, July 1.

“The tariffs were initially set to take effect immediately in retaliation for France’s digital services tax. However, Trump said he would make a final decision on the tariffs over the next two weeks.”

With the tariff threat now receding, analysts are cautiously optimistic about the short-term outlook for cryptocurrencies, anticipating reduced volatility in the coming days.

Bitcoin bounces as Trump delays EU tariffs and reduces market uncertainty

Bitcoin (BTC) price slid on Sunday as U.S. President Donald Trump announced plans to immediately impose tariffs of up to 50% on European goods in retaliation for France’s digital services tax.

However, the White House has since postponed the decision, setting the stage for a rebound in risk appetite.

After a weekend of turbulence, crypto market sentiment is expected to stabilize as President Trump has postponed a decision on imposing tariffs of up to 50% on European goods. The tariffs, initially set to take effect immediately, will now be delayed until July 9.

This move is likely to help reduce uncertainty in the market and could allow assets like Bitcoin to recover. Analysts are cautiously optimistic about the short-term outlook, anticipating reduced volatility in the coming days.

Moreover, the U.S. president said he would make a final decision on the tariffs over the next two weeks. The tariffs were initially set to take effect immediately, but Trump said he would give French President Emmanuel Macron two weeks to cancel the tax on U.S. tech firms.