Bitcoin Soars as Trump Plays Trade Tetris with the EU! 🎮💰

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In a plot twist that even Hollywood would find hard to believe, Bitcoin has decided to rise from the ashes like a phoenix—or maybe just a really enthusiastic pigeon—gaining a whopping 1.4% to trade at $109,637 during the early hours of May 26 in Asia. Apparently, the easing of trade tensions between the U.S. and the European Union has lifted market sentiment, or at least given it a gentle nudge. 🕊️

This modest recovery comes after a week that can only be described as a rollercoaster ride designed by a sadistic theme park operator. Bitcoin (BTC) briefly hit an all-time high of $111,814 on May 22, only to plummet to about $107,500 faster than you can say “cryptocurrency crash.” But hey, it’s still up by 15% over the last 30 days, so let’s not throw a pity party just yet. 🎢

According to the oracle known as Coinglass, the 24-hour open interest has increased by 2.59% to $76.66 billion, while trading volume has surged by 10.85% to $89.91 billion. This surge in derivatives volume and open interest usually means traders are feeling confident—like they just found a $20 bill in their winter coat. 💵

Now, let’s talk about the man of the hour: U.S. President Donald Trump. On Sunday, May 25, he announced that he would extend the June 1 deadline for slapping a 50% tariff on EU goods. In a post on Truth Social (because where else would he announce such earth-shattering news?), Trump revealed that European Commission President Ursula von der Leyen had requested more time for trade talks. The new deadline? July 9, 2025. Yes, you read that right—2025. Talk about a long game! ⏳

“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.”

— U.S. President Donald Trump

Markets were in a tizzy when Trump threatened to implement those tariffs on May 23 if negotiations went south. But for now, the abrupt reversal has provided a much-needed breather, like finding out your flight has been delayed instead of canceled. 🛫

Financial markets responded positively, with U.S. equity futures edging higher. S&P 500 futures gained 0.9%, Dow futures rose 0.8%, and Nasdaq-100 futures were up 1% in early Monday trading. Meanwhile, gold, that old reliable, dipped 0.3% to $3,346.59 an ounce. It seems that as risk appetite improves, gold is being treated like last season’s fashion—out of style. 💎

As traders temporarily reset their expectations thanks to this de-escalation, the uncertainty caused by Trump’s trade policies still looms like a dark cloud over international markets. Both cryptocurrency and traditional markets will be watching the U.S.-EU negotiations like hawks, or maybe just really nosy neighbors, now that the July deadline has been set. 👀

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2025-05-26 08:10