Bitcoin Rises as Trade Deal Optimism Boosts Sentiment — Market Talk

Bitcoin edges higher as optimism over U.S. trade deals boosts risk appetite. The U.S. and Japan agreed a trade deal that imposes a 15% tariff on Japanese goods. The WSJ reports that the U.S. and EU are close to reaching a similar deal with a 15% tariff on most imports from the EU. "With trade deals likely with all the trading partners, markets can move from the uncertainty surrounding tariffs," Jefferies economist Mohit Kumar says in a note. Cryptocurrencies have also been buoyed by advances in regulation with the U.S. passing three crypto bills last week. Bitcoin rises 0.7% to $118,769, having reached a record high of $123,153 last Monday, according to LSEG. ([email protected])