Bitcoin, Ethereum Rise, Dogecoin Dips After Trump Says He Will Delay 50% Tariffs On EU: Analyst Sees ‘Good’ Signs For BTC In The Coming Week
Leading cryptocurrencies rose slightly on Sunday after President Donald Trump delayed tariffs on European Union imports by over a month.
| Cryptocurrency | Gains +/- | Price (Recorded at 8:30 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +1.18% | $109,221.97 |
| Ethereum (CRYPTO: ETH) |
+0.95% | $2,555.88 |
| Dogecoin (CRYPTO: DOGE) | -0.05% | $0.2253 |
What Happened: Bitcoin jumped to an intraday high of $109,775.28 overnight, lifting Ethereum and the broader market by a few notches. The second-largest cryptocurrency sailed past $2,550.
The rise comes after Trump agreed to delay the 50% tariffs on European Union imports until July 9 from June 1, following a call with European Commission President Ursula von der Leyen.
Stocks and cryptocurrencies were pulled lower Friday after Trump threatened to impose 50% levies on one of its biggest trading partners. Bitcoin’s red-hot rally was halted, and it fell as low as $107,500.
Over $200 million was liquidated from the cryptocurrency market in the last 24 hours, with longs accounting for $114 million.
Ethereum’s dominance increased to 1.68%, while altcoins’ share of the market dropped below 28%.
Bitcoin’s Open Interest rose 1.96% in the last 24 hours to $76 billion, following a decline from the highs of …
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