Bitcoin (BTC) experienced a modest recovery, trading at approximately $109,659 on May 26, 2025, following a 1.4% increase in the past 24 hours. This uptick comes after a volatile week where BTC briefly reached an all-time high of $111,814 on May 22 before dipping to around $107,500. The recent price movement reflects a 15% gain over the past 30 days.
The rebound coincided with U.S. President Donald Trump’s announcement on May 25 to delay the implementation of a proposed 50% tariff on European Union goods. Originally set for June 1, the deadline has been extended to July 9 to allow for further trade negotiations. President Trump stated,
“I received a call today from Ursula von der Leyen, President of the European Commission, requesting an extension on the June 1st deadline on the 50% Tariff with respect to Trade and the European Union. I agreed to the extension — July 9, 2025 — It was my privilege to do so.”
Financial markets responded positively to the tariff extension. U.S. equity futures saw gains, with S&P 500 futures up 0.9%, Dow futures rising 0.8%, and Nasdaq-100 futures increasing by 1% in early Monday trading. Gold prices, often considered a safe-haven asset, dipped 0.3% to $3,346.59 per ounce, indicating a shift in investor sentiment towards riskier assets like cryptocurrencies.
In the cryptocurrency derivatives market, Bitcoin futures open interest reached a record high of $80 billion, signaling increased trader confidence and anticipation of future volatility. Trading volume also saw a significant uptick, rising by 10.85% to $89.91 billion. Such increases in open interest and volume typically suggest a buildup of positions in expectation of price movements.
Despite the temporary relief provided by the tariff extension, uncertainties remain in the global economic landscape. Investors and traders will be closely monitoring developments in U.S.-EU trade negotiations as the new July 9 deadline approaches. The outcome of these talks could have significant implications for both traditional financial markets and the cryptocurrency sector.
As the market navigates these developments, Bitcoin’s performance will likely continue to reflect broader economic sentiments and geopolitical events. Stakeholders should remain vigilant and informed as the situation evolves.
