Bitcoin Resurfaces Above $110K on Trump's EU 50% Tariff Waiver

Trump "50% Tariff on EU Postponed to July 9"
BTC Breaks Through $110,000 Again in Morning Rise
Altcoins Up Over 5%... Experts "BTC Expected to Reach $120,000"

Bitcoin (BTC) rebounded on the 26th following Trump's announcement to postpone the 50% tariff on the European Union (EU) until July.

On the 25th (local time), President Trump told reporters that he agreed to move the tariff schedule on the EU from June 1st to July 9th.

Previously, on the 23rd, Trump posted on his social media 'Truth Social' that "there is no progress in negotiations between the US and EU" and that he "could impose a 60% tariff on the EU from next month", raising tension in the asset market.

Currently, the tariff rate imposed by the US government on the EU is 10%, which is set to be applied until July 9th.

Notably, Bitcoin is seeing a stable price increase, highlighting its value as a safe-haven asset amid the tariff war. Shin Han Investment Securities researcher Hong Ji-yeon explained, "As doubts are raised about the role of traditional safe-haven assets, Bitcoin is emerging as an alternative asset alongside gold."

Bitcoin, which rose to $109,000 in the morning of the 26th, broke through $110,000 in the afternoon. Many altcoins also rose by more than 5%.

◇Bitcoin = As of 4 PM on the 26th on Upbit, Bitcoin's price is 153,440,000 won. Bitcoin's dominance is 64.17%.

According to on-chain analysis platform Sigbit, the long and short betting ratio in the Bitcoin futures market was 38.40% and 61.60% respectively.

As Bitcoin broke through $110,000 again, experts' outlook is very optimistic.

Ryan McMillin, investment head of crypto fund Merkle Tree Capital, told crypto media Decrypt, "Bitcoin is showing demand similar to gold recently" and "This reflects Bitcoin's appeal as a non-sovereign asset and inflation hedge."

He added, "After gold continuously setting new highs in recent months, Bitcoin will follow this trend and move towards $120,000."

◇Rising Coins = As of 4 PM on the 26th on Upbit, Jupiter (JUP) recorded the largest increase, rising about 9% in the past 24 hours.

Jupiter is a DEX aggregator based on the Solana blockchain that integrates DEX liquidity to help users find optimal trading routes and prices.

Jupiter is a governance token on the platform, supporting various DeFi services including swaps, limit orders, and staking, as well as a decentralized launchpad LFG and Solana liquidity staking JupSOL.

◇Fear and Greed Index = The digital asset Fear and Greed Index provided by Alternative is at 73 points, entering the 'Greed' stage. The greed stage is characterized by high price volatility and trading volume. There is a high possibility of short-term peak formation, so caution is advised when selling.

The Relative Strength Index (RSI) provided by Sigbit is 59.2, recording a 'neutral' state. RSI measures the relative strength between upward and downward price pressures and indicates overbought and oversold levels for a specific asset.

Reporter Kwon Seung-won ksw@blockstreet.co.kr