Bitcoin News Today: Bitcoin Surges to $119,552.6 on U.S.-EU Trade Deal, Fed Report Hopes

Bitcoin’s price surged to $119,552.6 on July 1, 2025, driven by optimism surrounding the U.S.-European Union trade framework agreement and anticipation of the Federal Reserve’s July 30 crypto policy report [1]. The cryptocurrency briefly dipped below $115,000 earlier in June but regained momentum after the trade deal reduced political and economic uncertainties, shifting investor risk appetite toward equities and digital assets [1]. The agreement, which caps U.S. tariffs on EU imports at 15% (down from 30%) and includes EU commitments to purchase $750 billion in U.S. energy and invest in infrastructure, alleviated concerns about global trade fragmentation, directly benefiting crypto markets [1].

While Bitcoin’s gains were moderate compared to altcoins, Ethereum (ETH) and other leading tokens experienced sharper rallies. Ethereum climbed over 4% to $3,924.15, its highest level since mid-December 2024, while XRP, Solana, and Cardano all rose by 2-3.5% [1]. Meme tokens like Dogecoin and $TRUMP also saw gains of 2.2-4%, reflecting broader speculative enthusiasm [1]. The uptick in altcoins underscores the sector’s sensitivity to macroeconomic and geopolitical developments, with traders viewing the trade agreement as a near-term catalyst for risk-on behavior.

Market participants are now focused on the Federal Reserve’s two-day meeting, where a 4.25%-4.50% benchmark rate is expected to remain unchanged [1]. However, the central bank’s commentary on future rate cuts could influence Bitcoin’s trajectory, as a dovish tone may weaken returns on traditional safe-haven assets, making crypto more attractive [1]. The Fed’s July 30 report, which is anticipated to outline a strategic Bitcoin reserve and regulatory clarity for stablecoins, is seen as a critical event for institutional confidence in crypto markets [1]. Clearer guidelines could reduce volatility and attract long-term investment, though the absence of a finalized timeline has led some traders to consolidate gains ahead of potential policy shifts [1].

Despite the rally, Bitcoin remained range-bound ahead of the key events, with analysts noting that broader macroeconomic risks and Fed guidance continue to temper aggressive price movements [1]. The $119,552.6 level, a 12-month high, reflects a balance between speculative demand and caution, as investors await clarity on regulatory and monetary policy directions [1]. Technical indicators suggest strong buying pressure above key resistance levels, but sustainability of the rally hinges on the July 30 report’s content and the Fed’s stance on digital assets [1].

The U.S.-EU trade agreement has introduced a new layer of stability to global markets, reducing uncertainty for multinational corporations and investors. However, its long-term impact on crypto adoption remains contingent on implementation and alignment with evolving regulatory standards [1]. Similarly, while the Fed’s report is expected to prioritize financial stability, recent official statements hint at a more nuanced approach to digital assets, potentially influencing market sentiment [1].

Source: [1] [Bitcoin Price Today: Rises to $119.5k Amid Trade Cheer; Fed, Crypto Report Eyed] [https://www.investing.com/news/cryptocurrency-news/bitcoin-price-today-rises-to-1195k-amid-trade-cheer-fed-crypto-report-eyed-4154344]