Bitcoin (BTC), Ethereum (ETH) and Altcoins are affected by the Trump Wind: The new week started with a rise!

US President Donald Trump continues to influence the cryptocurrency market with his statements.

At this point, Trump, who made a customs duty statement regarding the EU last Friday, had caused a decline in Bitcoin (BTC) and altcoins.

Because Trump stated that the ongoing customs tariff negotiations with the European Union are not progressing as desired, he proposed a 50% customs tariff on all EU imports starting from June 1, 2025.

After the weekend, a new development occurred regarding EU customs duties, and Trump announced that he agreed to extend the implementation date of the 50% customs duty to be applied on EU merchandise to July 9, 2025, following his meeting with European Commission President Von Der Leyen.

Von der Leyen stated that tax negotiations with the USA will begin immediately.

"Today I received a call from the President of the European Commission, Ursula von der Leyen, requesting an extension of the June 1 deadline for the 50% Tariff on Trade and the European Union. I agreed to the extension — July 9, 2025 — It was my privilege to do so. The Chairman of the Commission said that the negotiations will start quickly."

With the recent developments, there has been activity on the Bitcoin (BTC) and altcoins side.

As Bitcoin started the day at levels of 107,900 dollars, it rose above 110,000 dollars after the news.

Ethereum (ETH) rose by 3.6% to reach a level of 2,580 dollars, while significant gains were also seen in major altcoins such as XRP, BNB, Solana (SOL) and Dogecoin (DOGE).

According to data obtained from Coinglass, in the last 24 hours, $217 million in leveraged positions were liquidated, of which $109 million came from long positions and $107 million from short positions.

In the last 24 hours, 88,254 investors were liquidated, with the largest liquidation occurring on Binance in the ETH/USDT trading pair.