As Trump postponed the imposition of tariffs on the EU, easing trade tensions and reigniting optimism in risk assets, the price of Bitcoin has risen above $109,000.

Trump initially proposed a 20% tariff on most EU imports in April, later reducing it to 10% to allow time for negotiations. On Friday, he threatened to raise the tariffs to 50% by June 1 if negotiations stalled, but later on Sunday night, he changed the timeline again.

The revised deadline of July 9 has kept the market in a wait-and-see mode, with trade policy once again becoming the source of volatility for both traditional and digital assets.