Bitcoin Surges Past $110K Amid US-EU Tariff Delay

The cryptocurrency market is experiencing an upward trend, with Bitcoin once again reaching the $110,000 level. The rise in Bitcoin's price to this mark was prompted by news that the US will delay tariffs for EU countries. On the morning of May 26, BTC/USD recorded an increase of 2.43%, trading near this level. This surge followed US President Donald Trump's announcement of postponing the new tariffs on EU goods until July 9, 2025, at the request of European Commission head Ursula von der Leyen. Over the past 24 hours, Bitcoin has appreciated by 2.1%, while Ethereum (ETH) grew even more, rising by 3.7% to approximately $2,580. Market trading volumes this week have reached a record high of $25 billion, and the overall cryptocurrency market capitalization increased by 2.37%, amounting to $3.46 trillion. Market participants remain optimistic, as confirmed by the fear and greed index, which stays in the greed zone at 73 out of 100. Analysts believe that growing interest in cryptocurrencies and declining BTC availability on exchanges are favorable conditions for a continued bullish trend.