Bitcoin grew on the back of Donald Trump’s regulatory decisions

Bitcoin BTC $107,966.40 Bitcoin -1.40% Market capitalization $2.15 trillion VOL. 24 hours $1.08 billion has recovered above $ 109,000 after a short-term decline over the weekend, when its price dropped below $ 108,000. The key factor behind the growth was former US President Donald Trump’s decision to postpone the introduction of new trade tariffs on the European Union. August 1 was announced as the new date by which the 50% duties could be applied, which temporarily reduced uncertainty in the financial markets.

According to analysts, the postponement of tariffs allowed investors to reduce fears of sharp price fluctuations and also provided markets with some «breathing room». It is noted that only in the last 24 hours after the announcement of the postponement, positions worth more than $ 33 million were liquidated, which indicates the high activity of traders amid the news.

The cryptocurrency and equity markets have remained sensitive to any news related to the United States' foreign economic policy in recent weeks. Investors are closely monitoring the negotiations between the US and its trading partners, as the outcome of these talks could have a significant impact on both the crypto market and traditional financial instruments.

Some experts warn that if the countries do not reach an agreement on new trade terms by August 1, it could again provoke sharp market movements and increase the level of bitcoin volatility. At the same time, the postponement of the deadline is perceived as a temporary stabilization for global markets.

Thus, the situation around trade tariffs and negotiations between the United States and its partners remains a key factor affecting the dynamics of bitcoin. Economic and political decisions in Washington will continue to determine trends in the digital asset market.