Bitcoin ($BTC) has recently recorded a sheer rebound this weekend. As per latest statistics, the price of Bitcoin ($BTC) has reportedly rebounded as the U.S. President Donald Trump has announced extension to the deadline for the tariffs on EU imports. This development, by the end of the week, has raised optimism among the community regarding the future price trajectory of Bitcoin.
Bitcoin Rebounds as Trump Extends EU Tariff Deadline to July 9
The sharp rebound of Bitcoin ($BTC) comes at a time when Trump has extended the deadline for the implementation of tariffs on imports from EU. In this respect, he reportedly agreed to prolong the respective date to the 9th of July. With this extension, a relief has been witnessed among the crypto community.
Over the past 24 hours, the top crypto asset has surged by 1.21%. With this increase, Bitcoin’s price has reached the $109,581 mark. Along with that, the present price level of Bitcoin ($BTC) indicates a 6.51% rise over the past seven days. Moreover, Bitcoin’s 1-month price performance shows a 15.74% increase.
Tariff Delay Lifts Market Sentiment, U.S. Futures Rebound
The extension of the tariff deadline has also increased the room for discussion among both the U.S. and EU officials amid the escalating concerns. As a result of this announcement, a wider upturn took place in the overall investor sentiment in the crypto sector. Specifically, the equity futures in the United States expressed a notable recovery.
In this respect, S&P 500 futures witnessed a 0.9% increase, while Nasdaq-100 futures and Dow futures recorded 1% and 0.8% spikes respectively. The retrieval from rapidly approaching deadline has added to the investor confidence in the market. Hence, the traders are becoming more hopeful for additional developments in the near future.
