Trump Tariff Delay Sparks European Rally—Crypto Holds Its Breath

European markets kicked off with bullish momentum as Trump’s tariff reprieve eased trade tensions—meanwhile, crypto played it cool, refusing to flinch.

No panic sells, no euphoric pumps—just another day in the Wild West of digital assets. Traders yawned, adjusted their leverage, and muttered something about ’macro noise.’

Funny how traditional markets still cheer political crumbs while decentralized networks keep grinding. Maybe one day they’ll catch up.

Automakers, crypto react to weekend flip-flop

The most dramatic rebound came from the auto sector, where stocks had taken a beating the session before. Shares of BMW rose 1.4%, Mercedes-Benz gained 1.5%, and Volkswagen matched that with a 1.5% increase. Automakers are especially exposed in this fight, since vehicles and machinery are the EU’s top exports to the US

In crypto, Bitcoin recovered to $110,000, ethereum held at $2,575, and XRP sat at $2.35. None of the major coins reacted much to the tariff news. The asset class remained calm despite the weekend’s rollercoaster from Trump’s policy whiplash.

Barclays analysts called the 50% tariff a “negotiating tactic” in a note sent Friday. Despite that, US stocks plunged. The S&P 500, Dow Jones, and Nasdaq all ended the week down more than 2%. The pressure was made worse by a surge in Treasury yields, triggered by Trump’s tax proposal, which could add $2.3 trillion to the national deficit.

In Asia, results were mixed. Stocks in Japan and South Korea climbed overnight, while China and Hong Kong dropped. Wall Street remained closed Monday for Memorial Day. The mood? Cautious, but watching every post and delay. Investors now brace for whatever comes next on or before July 9.

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