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Trump #GT# issues an update on July 9 regarding European tariffs, while the analyst warns of a potential red week for Bitcoin #BTC# BTC #XRP# .
The price of Bitcoin rose above $109,400 in early Asian trading hours on Monday, marking its highest level since Friday's close. Key derivatives trading metrics indicate that this increase is closely tied to investor reactions to U.S. President Donald Trump's update on Sunday evening regarding tariffs on the European Union.
Bitcoin #ETH# BTC #DOGE# is approaching $110,000 after Trump delayed the imposition of a 50% tariff on European Union goods until July 9.
The price of Bitcoin approached the resistance level of 110,000 dollars in the early hours of Monday morning as the markets reacted to new social media posts from US President Donald Trump.
At around 6 PM Eastern Time on Sunday, Trump announced via Truth Social that the 50% tariffs on European Union imports - which were initially scheduled to take effect on June 1 - will now be postponed until July 9, 2025.