Bitcoin Breaks $110,000 Back to Trump EU 50% Tariff Moratorium

Trump "Postponing 50% Tariffs to EU from June. 1 to July 9"
BTC Breaks $110,000 Again In PM Following Morning Gains
At Least 5% of Altcoins ↑…Expert "BTC Expects $120K Soon"

Bitcoin(BTC) rebounded on May. 26 on U.S. President Trump's comment that he would suspend the 50% tariff he had announced to the European Union(EU) until July.

In a meeting with reporters on May. 25 (local time), President Trump said, "We have agreed to move the schedule for tariffs on the EU from June 1 to July."

Earlier on May. 23, President Trump raised tensions in the asset market by posting on his SNS 'Truth Social' that "there is no progress in negotiations between the U.S. and the EU," and that "50% tariffs could be imposed on the EU from the 1st of next month."

Currently, the US government's tariff rate on the EU is 10%, which will be applied by July 9.

In particular, Bitcoin's value as a safe asset is highlighted despite the tariff war that President Trump broke out, and its price is rising stably. Hong Ji-yeon, a researcher at Shinhan Investment & Securities, explained, "With doubts raised about the role of traditional safe assets, Bitcoin is emerging as an alternative asset along with gold."

Bitcoin, which rose to 109,000 dollars on the morning of the 26th due to President Trump's remarks, surpassed 110,000 dollars in the afternoon. Due to the rise of Bitcoin, many altcoins also rose more than 5%.

◇Bitcoin = Bitcoin price is $110,096 at 4:30 p.m. on May. 26, 2025. The Bitcoin share(dominance) was 64.17%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 38.40% and 61.60%, according to the on-chain analytics platform Sigbtc.

As Bitcoin topped $110,000 again, experts around Bitcoin are very optimistic.

"Bitcoin has recently shown a similar level of demand to gold," Ryan McMillin, investment manager of cryptocurrency fund management Merkle Tree Capital, said in an interview with cryptocurrency media Decrypt, "This is a result of Bitcoin's attractiveness as a non-sovereign asset and a means of inflation hedging."

"After gold has continued to hit new highs in recent months, Bitcoin will also follow this trend, and Bitcoin will move toward $120,000," he stressed.

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on May. 22 was Jupiter(JUP), up about 9% on the day alone.

Jupiter is a Solana blockchain-based decentralized exchange (DEX) aggregator, a platform that integrates DEX liquidity into one to help users find optimal trading routes and prices.

Jupiter is an in-platform governance token that supports several services such as LFG and Solana Liquid Staking JupSOL, which are decentralized launch pads, in addition to basic DeFi services such as swaps, designated price trading, and accumulated investments.

◇Fear Greed Index = Digital asset fear-greed index provided by Alternative has entered the 'greed' phase with 73 points. The Greed phase is a phase where price volatility and trading volume increase, and the price increases. The government should be careful about selling the products as it is highly likely to form a short-term high.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 59.2, which was 'neutral'. The RSI sets the relative strength between the upward and downward pressures of a particular asset price and is an indicator of the over-buying and over-selling measures of a particular asset.

권승원 기자 ksw@blockstreet.co.kr