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Bitcoin Eyes $110K and Crypto Markets Rebound as Trump Delays Tariffs on EU

  • Crypto markets gained almost $100 billion in the past 12 hours as US President Trump delayed the EU tariffs deadline until July 9, easing trade tensions.
  • Trump's decision for a tariff extension followed a call with European Commission President Ursula von der Leyen, aiming to facilitate talks swiftly and decisively.
  • The continuous changes in tariff policies by Trump have led to market volatility and turmoil, impacting nations, and investors while only agreeing on a trade deal with the UK.
  • Bitcoin was trading at $109,650, aiming for $110K, improving sentiment in the crypto market with a 2.5% gain and potential volatility ahead due to forthcoming US GDP and inflation data.

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