The new week kicked off with a positive shift in the cryptocurrency markets. The key driver? Donald Trump’s Sunday decision to delay the planned 50% tariffs on European Union imports, originally set for June 1st. Markets breathed a collective sigh of relief—and crypto assets were no exception.
📈 Trump’s Move Sparks Market Optimism
In his statement, the U.S. President explained that European Commission President Ursula von der Leyen had called him to request more time to begin constructive talks. Trump agreed and extended the deadline to July 9th, 2025. This diplomatic gesture quickly lifted global sentiment—and the crypto market followed suit.
🔹 Bitcoin Reclaims $110,000
Bitcoin, which had hovered around $107,900 over the weekend, jumped past $110,000 following the news, demonstrating its resilience even amid geopolitical uncertainty. Investors took the announcement as a sign of market stability and renewed risk appetite.
🔹 Altcoins Join the Rally
While Ethereum gained 3.6% and approached $2,580, other leading altcoins like XRP, BNB, Solana (SOL), and Dogecoin (DOGE) also surged. This collective rally boosted confidence in a sustained bullish trend.
📊 $217 Million in Liquidations: Traders Caught Off Guard
According to Coinglass, the past 24 hours saw leveraged position liquidations totaling $217 million—$109 million in longs and $107 million in shorts. The largest single liquidation occurred in the ETH/USDT pair on Binance, highlighting the sudden and intense shift in market sentiment.
👥 Over 88,000 Traders Impacted
More than 88,000 traders were affected by market moves in the last 24 hours. Many had bet on further declines following Trump’s initial tariff threat—but the delay caught them off guard, triggering massive forced closures.
📌 Conclusion: Once again, the crypto market has proven itself a lightning-fast barometer of global sentiment. Altcoins are waking up, and Bitcoin is flexing its strength. If the threat of a trade war truly eases, this could be the momentum boost that the crypto space has been waiting for.
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