Crypto Market Sees Gains After Trump Extends EU Trade Talks Deadline

A rebound in the crypto market was observed on Monday morning, likely spurred by news that President Donald Trump extended the deadline for trade talks with the European Union (EU). The original deadline of July 8th has been pushed back to July 9th. U.S. Trade Representative, Ms. Ursula von der Leyen expressed optimism about these continued negotiations. This extension follows a period of volatility marked by Trump’s frequent changes in approach on trade matters, including reversing his decisions on tariffs multiple times. Notably, the deadline extension allows for more time to reach a mutually beneficial agreement. Reports indicate that Mr. Trump has agreed to extend the negotiation deadline by over one month.