Cryptocurrencies Gain as Trump Delays EU Tariffs, Easing Trade Tensions

Major cryptocurrencies posted modest gains during Asian trading hours on Monday as market sentiment improved following US President Donald Trump’s decision to postpone the implementation of a 50% tariff on European Union goods. The delay, from June 1 to July 9, came after a request from European Commission President Ursula von der Leyen, signaling potential renewed negotiations between the economic blocs.

The cryptocurrency market’s mild recovery reflects a broader risk-on shift as geopolitical tensions temporarily ease. While no specific digital assets were mentioned in the announcement, the development provides a favorable macro backdrop for Bitcoin and altcoins. Market participants appear to be interpreting the tariff delay as reducing near-term uncertainty in global markets.