Crypto market has recently experienced a bullish wave after a crucial announcement from the U.S. President Donald Trump. As per the reports, the U.S. President Donald Trump has accomplished a preliminary framework for a key trade contract with the European Commission President Ursula von der Leyen.
According to the market insights, with this development, the prominent crypto coins, including Bitcoin ($BTC) and Binance’s $BNB and have recorded immediate price increases to $844 (new ATH) and $119K respectively. This highlights the significant influence of such political and macroeconomic moves have on the crypto world.
U.S. President Signs Trade Contract with European Commission President,
The Scotland-based meeting between Donald Trump and Ursula von der Leyen concluded the initial framework in a mutual trade agreement. The respective framework promises heightened economic cooperation as well as wider energy transactions. The reports also disclose that the European Union has agreed to buy $750B worth of energy from the U.S. Additionally, it will also add another $600B in the case of the U.S.-related investments.
Although the controversial thirty percent tariffs announced earlier by Trump remain largely unchanged, he promised a partial reduction. This includes restricting the rate to a straight fifteen percent across the majority of the categories, other than aluminum and steel. These metals will still be taxed up to 50%.
$BNB Touches $844 as New ATH While Bitcoin Nears $120K at $119K
Overall, the agreement is considered a positive development for the financial markets and crypto ecosystem. Additionally, the crypto surge triggered by it is also a noteworthy move, as the investor enthusiasm is witnessing a noteworthy jump.
In this respect, $BNB is now changing hands at $844.89, indicating a massive 6.11% spike in price over the past twenty-four hours. Apart from that, Bitcoin ($BTC) has reached $119,435, displaying a 1% surge in the meantime. Keeping this in view, the worldwide politics is continuously impacting the crypto market. In this respect, the supply of the top crypto assets is still stable, despite some fluctuations in terms of circulation.
Specifically, the altcoins are leveraging the post-deal optimism. Moreover, the market onlookers assert that the successful deal between the U.S. President and European Commission President underscores the potential of continuous growth in the crypto markets.
