Important Highlights
- Bitcoin shot up to nearly $120K after Trump’s EU Tariff rollback.
- Ethereum surged to $3,932, with companies loading up on ETH reserves.
- Altcoins joined the party, gaining as optimism swept the markets.
Trump’s EU Tariff Rollback Kicks Off Crypto Momentum
Markets got a jolt of energy to start the week, thanks to Trump’s EU Tariff announcement.
President Trump confirmed a deal with the European Union, dialing back the expected tariffs from 30% to 15%.
And just like that, investor confidence jumped.
Naturally, crypto traders jumped in.
Bitcoin rallied close to $120,000 its highest level in weeks while Ethereum climbed 3.7% to just under $4,000.
Stocks moved up too, but it was crypto that stole the spotlight.
This sudden optimism makes sense. When global uncertainty cools off, risky assets like crypto tend to take off.
Bitcoin Pops as Trump’s EU Tariff Calms the Waters
For a week, Bitcoin had been trapped in a narrow range between $114K and $119K.
But once the Trump’s EU Tariff deal hit headlines, it punched higher, nearing the $120K milestone.
Traders saw it as a clear sign that macro risks were cooling, at least for now.
Even more interesting, Bitcoin’s move came despite some big holders old wallets sending coins to exchanges, which usually hints at a possible sell-off. But the market shrugged it off.
“Despite the transfer of big BTC zodiac signs, the main strategy officer in Coonw, Nasar Al Achkar said in a note. The institutes are clearly buying a dip.”
Therefore, the general trend for bitcoins still seems solid, especially more traditional investors enter the market, even if short -term caution is always a part of the game.
Ethereum Gains as Firms Build Crypto Treasuries
Ethereum didn’t miss out on the action. It gained speed toward the $4,000 level after spiking to $3,932.
It hasn’t been that high since December.
So what’s driving it?
An increasing number of businesses are beginning to construct cryptocurrency treasuries, with Ethereum being a popular choice.
For example, firms like SharpLink are now publicly allocating part of their reserves to ETH, not just Bitcoin.
Historically, Ath performs better after bitcoin rallies. Therefore, as BTC already proceeds, Ath may be in line for a breakout.
Altcoins Join the Ride as Confidence Grows
Altcoins lit up the charts too. BNB led the pack with a 6.3% gain.
On new ETF talk, XRP surged to $3.30, while Dogecoin (DOGE) continued to rise, reaching $0.24.
Despite posting small benefits, both Solan (Sol) and Cardano (ADA) managed to live above $ 190 and $ 0.85 respectively.
In BTSE, COO Jeff Mei expressed it well: “July has been a game-changer.
More companies are raising capital just to build crypto treasuries.
This isn’t just hype it’s strategic.”
Meanwhile, traditional banks are feeling the pressure too.
In order to satisfy the growing demand from institutions and clients, several are already racing to launch crypto services.
Crypto Looks to Be in a Whole New Phase
This isn’t just another short-term rally. The entire crypto market is shifting.
The total market cap has now crossed $4 trillion, and with legislation like the GENIUS Act passing, the road is clearing for more mainstream adoption.
We’re not just talking about early adopters anymore big businesses, financial institutions, and even governments are stepping in.
That said, it’s not all smooth sailing. Volatility hasn’t gone anywhere, and traders know it.
What’s Coming Next? Fed, Earnings & Trump’s August Deadline
The next few weeks could bring even more fireworks or shakeups.
The Federal Reserve’s upcoming meeting could give clues on interest rate cuts.
If the Fed signals a pivot, crypto might get another boost.
But there’s also Trump’s August 1 EU Tariff deadline on the calendar.
The markets may falter if events take a drastic turn. Traders are kept on their toes by a number of factors, including inflation and earnings season statistics.
Nevertheless, already distributing a strong rally with July, many believe that it is more than a temporary high. It seems that something big begins.