Bitcoin Surges to $109,637 Amid Cooling Trade Tensions

BTC Rebounds After a Wild Week

Hold onto your hats, folks! Bitcoin just spiked 1.4% in the last 24 hours, hitting $109,637 early on May 26 in Asian markets. This jump comes as the U.S. and EU start chilling out on their trade beef, boosting the mood all around.

Bitcoin's been on a rollercoaster lately, touching a mind-blowing all-time high of $111,814 just days ago on May 22, only to dip back to around $107,500. Despite the wild ride, it's still up a solid 15% over the last month. And hey, don't forget about those Bitcoin derivatives—they're seeing some action too!

Derivatives Market Heats Up

Check this out: data from Coinglass shows that the 24-hour open interest in Bitcoin has jumped 2.59% to $76.66 billion, with trading volume soaring 10.85% to $89.91 billion. When you see those numbers climbing, it's a sign that traders are feeling the buzz again, gearing up for some serious moves, maybe even betting on more price fireworks.

Trade Talks Take a Turn

Here's the scoop: U.S. President Donald Trump announced on May 25 that he's pushing back a June 1 deadline for slapping a hefty 50% tariff on EU goods. In a post on Truth Social, Trump said European Commission President Ursula von der Leyen hit him up for more time to hash things out, and he agreed to a new deadline of July 9.

"I received a call today from Ursula von der Leyen, President of the European Commission, requesting an extension on the June 1st deadline on the 50% Tariff with respect to Trade and the European Union. I agreed to the extension — July 9, 2025 — It was my privilege to do so."

— U.S. President Donald Trump

Just a few days ago, on May 23, the markets were freaking out over Trump's threat to drop those tariffs if talks went south. But this sudden U-turn? It's given everyone a bit of a breather.

Markets Respond with a Thumbs Up

The financial world is loving this move. U.S. equity futures are climbing, with S&P 500 futures up 0.9%, Dow futures up 0.8%, and Nasdaq-100 futures popping 1%. Meanwhile, gold's taking a hit, down 0.3% to $3,346.59 an ounce.

As investors start feeling a bit more adventurous, gold's losing its shine, and Bitcoin's stepping up as the go-to risk asset.

What's Next?

With this de-escalation, traders are hitting the reset button, but Trump's trade policies are still keeping everyone on their toes. Both the crypto and traditional markets will be watching like hawks as the U.S. and EU keep talking, now with that July deadline looming.