Bitcoin, Ethereum, Dogecoin Climb On Trump-EU Trade Pact — Analyst Says This ‘Risk-Off’ Signal Could Be Critical As BTC Drives Entire Crypto Market
Major cryptocurrencies posted gains on Sunday evening as markets reacted positively to the Donald Trump administration’s landmark trade agreement with the European Union, with analysts attributing the improved risk sentiment to driving momentum in digital assets.
Cryptocurrency | Gains +/- | Price (Recorded at 11.26 p.m. ET) |
Bitcoin (CRYPTO: BTC) | +1.09% | $119,385 |
Ethereum (CRYPTO: ETH) | +2.68% | $3,877 |
Dogecoin (CRYPTO: DOGE) | +1.96 | $0.2433 |
The crypto market capitalization reached $3.96 trillion, up 1.40%, with Bitcoin maintaining 60.1% dominance and Ethereum holding 11.9% market share.
United States Secretary of Commerce Howard Lutnick announced Sunday on X that “President [Donald] Trump just unlocked one of the biggest economies in the world,” describing the EU’s commitment to open its $20 trillion market and accept U.S. auto and industrial standards.
The deal includes EU purchases of $750 billion in American energy and $600 billion in U.S. investments, with tariffs set at 15% across the board. “Today is a historic day for U.S. trade and will strengthen our relationship with the European Union for decades to come,” Lutnick said.
Despite positive sentiment, crypto markets experienced significant liquidations …