Bitcoin Rises as U.S. Delay of Big EU Tariffs Supports Risk Appetite — Market Talk

Bitcoin rises in European trade amid improving risk appetite following Washington's weekend decision to delay 50% tariffs on imports from the EU to July 9. Friday's decision to impose the tariff from June 1 hit bitcoin, but the delay to July 9 has helped it recover. "Trump's digital megaphone remains one of the most powerful market-moving forces in the global financial ecosystem," ays Naeem Aslam at Zaye Capital Markets in a note. Liquidity is reduced, however, due to U.S. and U.K. public holidays on Monday. Bitcoin rises 1.8% to $109,684, according to LSEG. The crypto currency, which is typically highly volatile, hit an all-time high of $111,965 last week.([email protected])