Bitcoin hits $109K after US-EU tariff truce

• Bitcoin Regains Strength After Trump’s Tariff Announcement
• Trump delays EU tariffs, boosts cryptocurrencies
• Bitcoin Price Nears All-Time High

Bitcoin (BTC) has hit a new high and is trading above $109.000 again following President Donald Trump's decision to put off the imposition of 50% tariffs on imports from the European Union. The postponement, announced on Sunday, brought momentary relief to trade tensions between the United States and Europe.

The digital asset had been volatile since Friday, when Trump proposed the tariff, citing trade imbalances and regulatory hurdles. The measure directly affected market sentiment, dropping BTC to below $107.000 over the weekend.

The recovery movement occurred quickly. After Trump posted on Truth Social that he would grant an extension until July 9, Bitcoin reacted with an immediate rise of more than 1.900 points. According to the president, the extension was granted after dialogue with Ursula von der Leyen, president of the European Commission, who signaled openness to negotiations.

With this, Bitcoin has returned to its position close to its recent all-time high of $111.900, falling about 2,5% below its peak at the time of publication. The upward movement has also influenced other relevant cryptocurrencies.

Ethereum (ETH), XRP and Solana (SOL) all rose in value, following renewed investor optimism. Data from CoinGecko shows that major digital assets reacted positively to the signaling of a truce in transatlantic trade disputes.

Trump’s measure also included a possible 25% tariff on non-US iPhones, raising the stakes for companies with global operations. Despite this, the cryptocurrency market appears to have focused on the delay as a temporary risk-off factor.

Expectations now turn to the developments in the talks between the US and the European Union until the new deadline. Meanwhile, Bitcoin maintains support above $108.000, with investors attentive to new economic and political updates.