Bitcoin News Today: U.S.-EU Trade Pact 15% Tariff and $1.35T Commitments Spur 0.66% Bitcoin Rise as Altcoins Split

The U.S. and European Union have finalized a landmark trade agreement, marking a significant de-escalation of tensions that had loomed over global markets for months. The deal, announced by President Donald Trump and European Commission President Ursula von der Leyen, includes a 15% tariff on EU imports of automobiles and semiconductors, a $750 billion energy commitment from the EU to the U.S., and $600 billion in American investments [1]. Trump described it as “the biggest deal ever made,” emphasizing its potential to stabilize global trade relations and reduce economic friction [1].

Bitcoin ($BTC) has shown a muted response to the news, trading at $118,935—up 0.66% in the past 24 hours but down 0.42% weekly [1]. The cautious reaction contrasts with the geopolitical scale of the agreement, though analysts note that the deal’s removal of macroeconomic uncertainty could indirectly benefit the crypto market. A key technical hurdle for Bitcoin remains the $120,000 resistance level; a breakout could signal renewed bullish momentum, according to forecasts [1]. The agreement’s $1.3 trillion combined energy and investment commitments may also strengthen the U.S. dollar, potentially driving institutional interest in dollar-denominated assets like Bitcoin [1].

Altcoins have largely mirrored Bitcoin’s subdued performance. Ethereum ($ETH) rose 3.07% in 24 hours but fell 2.41% weekly, while Binance Coin ($BNB) led gains with a 7.41% 24-hour rise and a 12.21% weekly increase, possibly reflecting ecosystem-specific catalysts [1]. Solana ($SOL) and Cardano ($ADA) posted modest gains, though Dogecoin ($DOGE) and XRP ($XRP) remain under pressure, down 12.00% and 8.53% weekly, respectively [1]. The trade deal’s long-term economic impact could bolster risk appetite, with analysts suggesting that altcoins may benefit as investors seek high-reward opportunities beyond Bitcoin [1].

The agreement has also had a broader impact on global markets. Equities rallied in response to the reduced trade war fears, with stocks surging as investors reassessed risk appetites [2]. While the crypto market’s delayed reaction suggests macroeconomic calm may take time to filter through, analysts note that reduced trade tensions could indirectly boost blockchain adoption in sectors like logistics and defense supply chains [1]. If Bitcoin surpasses $120,000, altcoins are expected to follow with sharper gains as confidence spreads [1].

Sources:

[1] [Trump–EU Trade War is OVER: What It Means for Bitcoin and Altcoins] (https://cryptoticker.io/en/trump-eu-trade-deal-bitcoin-crypto-impact/)

[2] [Trump's $1.35T EU Trade Deal Sends Stocks Surging] (https://watcher.guru/news/eu-bends-knee-trumps-1-35t-trade-deal-sends-stocks-soaring)