On Friday afternoon, Donald Trump expressed his dissatisfaction with the actions of the European Union on social media and suggested imposing a 50% tariff starting from June 1, 2025. This naturally affected the price of Bitcoin, which traded at $106,600 over the weekend. However, last night the president postponed these tariffs until July 9, 2025. And Bitcoin is rising again.
Donald Trump:
Today I received a call from Ursula von der Leyen, President of the European Commission, requesting an extension of the deadline for the 50% tariff in the area of trade and the European Union, which was set for June 1. I agreed to the extension – until July 9, 2025 – and it was my honor to do so.
