Bitcoin Targets $110K as Crypto Markets Rally on Trump’s Delayed EU Tariffs

Markets roar back as geopolitical tensions ease—proving once again that crypto thrives on chaos.

Trump’s tariff delay sparks bullish momentum: Bitcoin eyes six figures while altcoins ride the wave. Traders shrug off traditional finance’s ’measured approach’—because who needs stability when you’ve got volatility?

Another day, another catalyst. Wall Street analysts still can’t decide if this is a breakout or a headfake. Meanwhile, crypto degens keep stacking sats.

Tariff Flipflops Cause Market Turmoil

On May 26, the European Commission President said Europe is ready to advance talks swiftly and decisively, adding, “To reach a good deal, we WOULD need the time until July 9.”

Good call with @POTUS.

The EU and US share the world’s most consequential and close trade relationship.

Europe is ready to advance talks swiftly and decisively.

To reach a good deal, we would need the time until July 9.

— Ursula von der Leyen (@vonderleyen) May 25, 2025

Whether intentionally or not, Trump has caused major market volatility and turmoil recently with his constant changing of tariff policies and dates. This has left nations and investors in limbo as to what is really going on and when or if deals can be made. The only deal made so far is with the United Kingdom.

“The European Union, which was formed for the primary purpose of taking advantage of the United States on TRADE, has been very difficult to deal with,” Trump said just days before, on May 23.

“Our discussions with them are going nowhere,” he said while proposing 50% tariffs on EU goods.

The United States is the EU’s largest trading partner. It purchases 21% of its exports, the leading one being pharmaceuticals, with other exports including vehicles, aircraft, engines and motors, machinery, petroleum oils, and alcoholic beverages, according to EU data.

Crypto Market Reaction

Crypto markets fell late last week, dropping 4% from their multi-month high as tariff tensions ROSE again. Total capitalization is currently $3.56 trillion, having gained 2.5% over the past 12 hours since Trump’s latest tariff u-turn.

However, there could be more volatility in store this week with GDP and inflation data due in the United States.

Bitcoin, which has dominated sentiment recently, was up 1.5% on the day, trading at $109,650 at the time of writing, recovering from a weekend low of $106,800, according to Coingecko.