According to The Kobeissi Letter, President Trump announced he received a call from the President of the EU Commission requesting the 50% tariff deadline be moved to July 9th, which he accepted (source: @KobeissiLetter, May 25, 2025). This extension temporarily reduces immediate volatility in global equities and the crypto market, as traders had anticipated sharp reactions to the original deadline. The delay allows crypto traders to reassess exposure to risk assets correlated with US-EU trade relations, potentially stabilizing short-term price movements in Bitcoin and altcoins that were sensitive to escalating trade tensions.