The markets started the week with a renewed wave of optimism after the president of the United States, Donald Trump, confirmed a tariff agreement with the European Union, reducing taxes to 15% of 30% previously threatened.
The announcement sent to S&P 500 to 0.3%, Dow hires higher in 180 points and Bitcoin (BTC) to almost $ 120,000 for the first time in almost two weeks, just under 5% of its historical maximum.
Bitcoin, who had spent last week negotiating between $ 114,000 and $ 119,000, approached the barrier of $ 120,000 when the merchants performed Trump’s tariff reversal as a sign of a lower uncertainty of Macro.
“Bitcoin maintained a resistant range and recovered at $ 119K after the old wallets with tens of thousands of BTC began to transfer funds to exchanges, which led some merchants to fear a correction of the market,” Nassar told Achkar, Coinw strategy director, in a telegram note to Coastsk.
“Numerous institutions continue on board in the cryptographic industry and using reserve strategies, showing a strong demand against recent increases in actions prices,” he added.
Ethher (ETH) increased 3.7% in 24 hours to $ 3,932, with an impulse that accumulates ahead of the $ 4,000 mark in its highest price range since December. The interest in the asset has increased in recent weeks as the traded companies, such as Sharplink, set out to build ETH treasures.
Meanwhile, past market cycles generally show a period of performance higher than ETH after Bitcoin manifestations, which can be more than commercial demand.
XRP (XRP) won 2% to $ 3.30, continuing its rebound after the recent volatility and speculation of the ETF.
Among the Altcoins, BNB (BNB) led great capitalization, 6.3%more, while Dogecoin (Doge) rose 2%to 24 cents that extended its weekly rally to almost 9%. Solana’s Sol (Sun) and Ada (ADA) of Cardano registered modest profits, which are operated above $ 190 and 85 cents, respectively.
Julio has marked a turning point in conventional adoption. With public companies that collect capital for cryptographic treasure and banks that rush to meet demand, Jeff Mei, Coo in BTSE, sees this as more than a demonstration, which is a structural change in general cryptographic investment strategies.
“The markets have been in a tear in July: the approval of the genius law and cryptocurrencies that reach a collective market capitalization of $ 4 billion are important milestones for the industry,” said Mei. “We are seeing an incredible number of companies that collect money in public markets to adopt cryptographic treasury strategies. Banks and other financial institutions are struggling to implement services related to cryptocurrencies to meet the growing demand.”
Mei added that the next meeting of the FED and tariff negotiations could serve as key inflection points, with a rated cut prior to what is potentially expected feeding another higher leg for digital actions and assets.
Even so, with the profit season, the inflation data and the tariff deadline of Trump’s August 1 on the calendar, merchants are probably preparing for a volatile week.
