{"id":27440,"date":"2025-07-28T10:46:21","date_gmt":"2025-07-28T10:46:21","guid":{"rendered":"https:\/\/www.vtmarkets.com\/?p=27440"},"modified":"2025-07-28T10:46:21","modified_gmt":"2025-07-28T10:46:21","slug":"bitcoin-up-as-us-eu-deal-bolsters-sentiment","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/analysis\/bitcoin-up-as-us-eu-deal-bolsters-sentiment\/","title":{"rendered":"Bitcoin Up as US-EU Deal Bolsters Sentiment"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"559\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/download1-1024x559.png\" alt=\"\" class=\"wp-image-18378\" \/><\/figure>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bitcoin gained 0.8% to $119,026; Ether rose 3.3%, XRP up 2.6%, and Solana climbed 2.7%.<\/li>\n\n\n\n<li>Fresh legislation on stablecoins and crypto classifications drives investor confidence.<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-dots\" \/>\n\n\n\n<p>Bitcoin opened the week on firmer footing, rising 0.8% to $119,026, according to CoinDesk. The lift follows easing global trade tensions and progress on long-awaited U.S. crypto regulation. Ether climbed 3.3% to $3,890, XRP gained 2.6% to $3.27, and Solana moved 2.7% higher to $192.21. Equity futures also showed modest strength, with S&amp;P 500 and Nasdaq futures up 0.3% and 0.5%, respectively.<\/p>\n\n\n\n<p>Bitcoin\u2019s recent gains have been underpinned by improving sentiment around trade. President Donald Trump\u2019s weekend announcement of a 15% baseline tariff on EU goods calmed investor nerves after weeks of speculation.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">European capitals are putting a brave face on the trade deal they struck with President Donald Trump, which will see the European Union accept a 15% tariff on most of its exports to the US while reducing levies on some American products to zero <a href=\"https:\/\/t.co\/8Xxn0ncTWF\">https:\/\/t.co\/8Xxn0ncTWF<\/a><\/p>&mdash; Bloomberg (@business) <a href=\"https:\/\/twitter.com\/business\/status\/1949775397308031473?ref_src=twsrc%5Etfw\">July 28, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>While the deal still imposes restrictions, markets interpreted the resolution as a stabilising force for risk assets, including crypto.<\/p>\n\n\n\n<p>The rally was also fuelled by progress on regulation. The Genius Act, now signed into law, establishes a clear framework for stablecoins, recognising them as legitimate financial instruments pegged to fiat currencies.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">&quot;Ethereum is the largest beneficiary of the Genius Act, which is the stablecoin bill, because ethereum hosts is home to the majority of stablecoins,&quot; The Ether Machine co-founder <a href=\"https:\/\/twitter.com\/AK_EtherMachine?ref_src=twsrc%5Etfw\">@AK_EtherMachine<\/a> says. <a href=\"https:\/\/t.co\/DAiT62iTX9\">pic.twitter.com\/DAiT62iTX9<\/a><\/p>&mdash; Yahoo Finance (@YahooFinance) <a href=\"https:\/\/twitter.com\/YahooFinance\/status\/1947680902646993069?ref_src=twsrc%5Etfw\">July 22, 2025<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>More importantly, the <a href=\"https:\/\/t.co\/quV73mH1CZ\" target=\"_blank\" rel=\"noopener\" title=\"\">Clarity Act passed by the House<\/a> aims to resolve longstanding ambiguity around whether cryptocurrencies are commodities or securities. This measure is expected to unlock new inflows from institutional investors, who had been cautious amid the murky legal environment.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Technical Analysis<\/h2>\n\n\n\n<p>Bitcoin has entered a pullback phase after reaching a short-term peak at $119,800.64. Despite earlier strength, price action has since stalled, with candles now hovering just below the 10- and 30-period moving averages on the 15-minute chart.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/www.vtmarkets.com\/en-ca\/wp-content\/uploads\/sites\/13\/2026\/03\/1_image-28.jpg\" alt=\"\" class=\"wp-image-27441\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><em>Picture: BTC\/USD retraces after testing $119,800 resistance, as seen on the <a href=\"https:\/\/vtmarketsapp.onelink.me\/CD7D\/240525WA\" target=\"_blank\" rel=\"noopener\" title=\"\">VT Markets app<\/a><\/em><\/p>\n\n\n\n<p>The crossover of the 5- and 10-MA beneath the 30-MA confirms a loss of upward momentum, while the MACD has flipped bearish\u2014its line now below the signal, and the histogram increasingly negative. This suggests downside pressure is building.<\/p>\n\n\n\n<p>Price is repeatedly testing support around $118,700, which has so far held, but any sustained break beneath this zone could invite further weakness toward $118,200. For bullish momentum to resume, BTC needs to reclaim $119,800 with volume, ideally supported by a fresh MACD crossover.<\/p>\n\n\n\n<h2 class=\"wp-block-heading has-medium-font-size\">Cautious Forecast<\/h2>\n\n\n\n<p>If BTC holds above $118,700, it could re-test the $120,000 level in the short term. However, with MACD momentum cooling and moving averages flattening, the path higher may be gradual. Further upside may depend on the Senate\u2019s stance on the Clarity Act when lawmakers return from recess.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.vtmarkets.com\/trade-now\/\" target=\"_blank\" rel=\"noopener\" title=\"\">Create your live VT Markets account<\/a> and <a href=\"https:\/\/myaccount.vtmarkets.com\/login?_gl=1*5vyjdn*_gcl_au*Njc1MzM0NjY0LjE3NTEzNTM4MTc.*_ga*MjA5ODA0NDIzNC4xNzI3OTE1ODQ1*_ga_J26NL1ZVX7*czE3NTE4NzkxMDYkbzMwOCRnMSR0MTc1MTg3OTExOCRqNDgkbDAkaDA.*_ga_6XQ8153GYW*czE3NTE4NzkxMDgkbzU3JGcxJHQxNzUxODc5MTE4JGo1MCRsMCRoMA..*_ga_BG6LYEHPX1*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMTgkajUwJGwwJGgw*_ga_J8BRGZSREX*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_7CG6454YR5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_69Z54R4H9N*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_CY2VCKFC3C*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjIkajQ2JGwwJGgw*_ga_TXZ07R2C21*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_17TMGY9BBE*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_MWDVVSEVL5*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_2QCC3S2748*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjUkajQzJGwwJGgw*_ga_E7D2PCX624*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_XJ4037XKK6*czE3NTE4NzkxMjYkbzUkZzAkdDE3NTE4NzkxMjYkajYwJGwwJGgw*_ga_EJCVQDC7VT*czE3NTE4NzkxMDgkbzUkZzEkdDE3NTE4NzkxMjYkajQyJGwwJGgw\" target=\"_blank\" rel=\"noopener\" title=\"\">start trading<\/a> now.<\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin rises 0.8% to $119,026 amid improving macro outlook and new US crypto legislation. Risk appetite returns as regulatory clarity grows. &#8211; vtmarkets.com<\/p>\n","protected":false},"author":64,"featured_media":18378,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[31],"tags":[21],"class_list":["post-27440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","tag-bitcoin"],"acf":{"acf_article_selection_author":""},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/27440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/comments?post=27440"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/posts\/27440\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media\/18378"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/media?parent=27440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/categories?post=27440"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/en-ca\/wp-json\/wp\/v2\/tags?post=27440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}