Bitcoin is rising amid a trade agreement between the USA and the EU.

At the beginning of the Asian trading session on Monday, Bitcoin continued its rise, surpassing the mark of $119,430. This bullish momentum was strengthened after the conclusion of an important trade agreement between the USA and the European Union, as well as against the backdrop of increased institutional interest in cryptocurrencies.

Transatlantic Trade Agreement

At the summit in Turnberry (Scotland), US President Donald Trump and European Commission President Ursula von der Leyen announced a new framework agreement. Its key provisions:

• Reduction of import duties from the EU to the US to 15% ( was previously discussed at 30% ).
• The EU's commitment to invest $600 billion in the American energy and defense sectors over three years is a step aimed at reducing European dependence on Russian energy resources.
• Maintaining the existing 50% tariffs on steel and aluminum.

The easing of trading tensions has created favorable conditions for risk assets, including cryptocurrencies. At the beginning of the Asian session:

• BTC rose by 1.24%,
• The CoinDesk 20 index (CD20) rose by 2.37%, reaching 4099.18.

Institutional support for Bitcoin

The rise of Bitcoin is occurring against the backdrop of strengthening its fundamental indicators:

• The price is holding above $118,000 after updating the historical maximum of $122,700 last week.
• The realized capitalization of BTC has exceeded $1 trillion for the first time according to Glassnode. This metric takes into account the price of the last movement of each coin, making it a more accurate indicator than the usual market capitalization.

A striking example of institutional activity was a large transaction of $9 billion carried out by Galaxy Digital on behalf of an "era of Satoshi" investor. The sale of 80,000 BTC ( is part of a legacy planning strategy ) and did not cause a significant price drop, indicating the depth of the market and the presence of long-term holders.

( Altcoin market and forecasts

With the rise of Bitcoin, its dominance has slightly decreased to 60.98%, indicating a capital flow into altcoins. Market participants have also become more bullish:

• On the Polymarket platform, the probability of BTC reaching the $125,000 mark by the end of July is estimated at 24% ) compared to 18% at the beginning of the week ###.

Current dynamics confirm the resilience of bitcoin as an asset that combines macroeconomic sensitivity and supply scarcity. The market demonstrates the ability to absorb large sell-offs without significant corrections, which strengthens the confidence of institutional players.

block-chain24.com