Bitcoin (BTC) traded above $119,430 Monday, up 1.24%, after a US-EU trade deal was announced.
\nThe US-EU deal sets a 15% tariff, avoiding a threatened 30% rate, and includes a $600B EU investment pledge.
\nBitcoin\u2019s realized market capitalization crossed the $1 trillion threshold for the first time, per Glassnode.<\/p>\n
Bitcoin (BTC) pushed higher in early Asian trading on Monday, trading above $119,430, as bullish momentum continued to build following a series of significant institutional milestones and a breakthrough trade agreement between the United of States and the European Union over the weekend.<\/span><\/p>\n In a major development for global markets, US President Donald Trump and European Commission President Ursula von der Leyen announced a framework trade agreement at a summit in Turnberry, Scotland. <\/span><\/p>\n The deal sets a 15% US import tariff on EU goods, a significant de-escalation that averts a previously threatened 30% rate. <\/span><\/p>\n The agreement also includes a commitment for $600 billion in EU investment into US energy and defense sectors over the next three years, a move aimed at reducing Europe\u2019s reliance on Russian fuel. <\/span><\/p>\n However, existing tariffs on steel and aluminum will remain at 50% for the time being.<\/span><\/p>\n This easing of transatlantic trade tensions has provided a positive backdrop for risk assets, including cryptocurrencies. <\/span><\/p>\n Bitcoin is up 1.24% in early Asian hours, and the CoinDesk 20 (CD20) Index, a broad measure of the largest digital assets, has risen 2.37% to 4,099.18, extending its recent recovery.<\/span><\/p>\n The positive macro news comes as Bitcoin continues to consolidate its recent gains, holding steady above the $118,000 mark after hitting a new record high of $122,700 last week. <\/span><\/p>\n This powerful rally has triggered some predictable selling from long-term holders, while simultaneously drawing in new buyers and fresh capital, creating a dynamic market environment.<\/span><\/p>\n A key indicator of the market\u2019s growing maturity and value was highlighted by on-chain analytics firm Glassnode, which reported that Bitcoin\u2019s realized market capitalization had crossed the\u00a0<\/span>$1 trillion threshold for the first time<\/span>. <\/span><\/p>\n This metric, which measures the total value of all Bitcoin based on the price at which each coin last moved on-chain, is seen as a more fundamentally grounded valuation than the simple market cap.<\/span><\/p>\n Further evidence of the massive scale of institutional activity came to light on Friday, when Galaxy Digital announced it had executed a staggering\u00a0<\/span>$9 billion BTC transaction<\/span>\u00a0on behalf of a Satoshi-era investor. <\/span><\/p>\n The sale, which involved 80,000 BTC, was reportedly part of an estate planning strategy and represents one of the largest single Bitcoin transfers in history. <\/span><\/p>\n The fact that the market was able to absorb this massive sale without a significant price downturn is seen by many as a testament to how much of the Bitcoin supply is illiquid, held tightly by long-term \u201cHODLers.\u201d <\/span><\/p>\n A market on the verge of a supply-shock rally, it seems, can readily absorb an extra $9 billion being placed up for sale.<\/span><\/p>\n As Bitcoin\u2019s price has climbed, its dominance, which measures its market share relative to the total crypto market, has edged down slightly to 60.98%. This suggests a modest rotation of capital into altcoins as traders\u2019 risk appetite grows.<\/span><\/p>\n The bullish sentiment is also being reflected in prediction markets. Polymarket bettors now give Bitcoin a 24% chance of hitting $125,000 before the end of July, an increase from 18% earlier in the week, as traders weigh the impact of these positive macro tailwinds and the growing on-chain conviction.<\/span><\/p>\n ETH:<\/span><\/strong>\u00a0Ether is trading at $3,867.76, up 3%, amidst strong on-chain fundamentals. <\/span><\/p>\n A significant 28% of the total ETH supply is now staked, balances on exchanges are at eight-year lows (indicating a preference for holding over selling), and new buyer inflows are on the rise.<\/span><\/p>\n Gold:<\/span><\/strong> In a classic \u201crisk-on\u201d move, gold is down for a fourth straight day, trading around $3,335 in early Asia. <\/span><\/p>\n Despite its impressive 28% year-to-date gain, recent progress on US\u2013EU and US\u2013China trade deals is reducing the immediate demand for safe-haven assets ahead of this week\u2019s US Federal Open Market Committee (FOMC) meeting.<\/span><\/p>\n Nikkei 225:<\/span><\/strong> Asia-Pacific markets traded mixed on Monday, with investors also awaiting further details of ongoing US\u2013China trade talks.<\/span><\/p>\n The post Market update: Bitcoin rises after US-EU announce framework trade agreement<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin (BTC) traded above $119,430 Monday, up 1.24%, after a US-EU trade deal was announced. The US-EU deal sets a 15% tariff, avoiding a threatened 30% rate, and includes a $600B EU investment pledge. Bitcoin\u2019s realized market capitalization crossed the $1 trillion threshold for the first time, per Glassnode. Bitcoin (BTC) pushed higher in early […]<\/p>\n","protected":false},"author":0,"featured_media":4398,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-4397","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=4397"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/4397\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/4398"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=4397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=4397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=4397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}A transatlantic truce: US and EU strike a deal<\/span><\/h2>\n
Bitcoin\u2019s institutional bedrock deepens<\/span><\/h2>\n
Broader Market Snapshot<\/span><\/h3>\n