According to The Kobeissi Letter on Twitter, President Trump announced that after receiving a call from the President of the EU Commission, he agreed to move the 50% tariff deadline to July 9th. This delay in implementing significant trade tariffs may reduce short-term volatility in global equity and crypto markets, as traders now have additional time to assess macroeconomic risks and adjust positions accordingly. The temporary reprieve could support risk-on sentiment in major cryptocurrencies like Bitcoin and Ethereum, while altcoins with strong EU exposure may experience increased trading volume as market participants react to shifting geopolitical factors (source: The Kobeissi Letter, May 25, 2025).