Cryptocurrency markets opened in the green on Monday following confirmation of a trade agreement between the United States and the European Union. The deal, announced Sunday by President Donald Trump and European Commission President Ursula von der Leyen, sets a baseline tariff of 15% on EU goods exported to the US. The agreement comes just days ahead of the self-imposed August 1 deadline and appears to have eased concerns about a broader trade conflict.
Global markets responded positively to the news. US stock futures rose in early Monday trading, and European equity futures followed. The cryptocurrency market mirrored the broader trend, with most major digital assets posting moderate gains in the early hours of the new trading week.
Bitcoin remains near record levels
Bitcoin (BTC) rose less than 1% on Monday morning and is currently trading above $119,000. This places it approximately 3% below its all-time high set two weeks ago.
Bitcoin’s price held steady through the previous week despite volatility in traditional markets tied to uncertainty over trade policy. The confirmation of the US-EU deal appears to have contributed to a shift in risk appetite that includes digital assets.
Ethereum approaches $4,000 threshold
Ethereum (ETH) gained around 3% and is now trading above $3,900. This marks its highest level since December. The $4,000 level is considered a key resistance point, having been briefly reached late last year before a broad decline that pushed ETH below $1,500.
Recent gains in Ethereum are partly attributed to the successful implementation of the Pectra upgrade and renewed institutional interest. The number of companies allocating Ethereum to corporate treasuries has increased, and the asset has risen 62% in the past 30 days.
Read also: Ethereum’s Fusaka Upgrade Set for November Launch
BNB sets new all-time high again
BNB, the native token of Binance, set a new all-time high of $827 late Sunday, shortly after the trade agreement was announced. The price continued to climb in early Monday trading, reaching above $850 before settling slightly lower. The upward movement follows news last week that Windtree Therapeutics is launching a dedicated BNB treasury strategy, which has supported sustained demand.
SPX6900 leads percentage gains
Among the top 100 cryptocurrencies by market cap, the best performer in the past 24 hours is SPX6900 (SPX), a memecoin that gained 12% on the day and over 82% in the last month. It set a new all-time high of $2.25 during the morning session. SPX has consistently led short-term gains among high-volatility tokens and has broken its price record multiple times over the past week.
Other large-cap cryptocurrencies also posted gains, although most remained under the 2% mark. A few notable outliers include AVAX and BCH, both up by 5%, while ENA, OP, and CAKE saw double-digit increases.
Read also: Is PENGU About to Flip PEPE? A Closer Look at the Data
Macroeconomic events in focus this week
The rest of the week includes several events that may affect market conditions. On Wednesday, the US Federal Reserve is scheduled to announce its latest interest rate decision. Market consensus currently expects no change in rates. The same day, the Bureau of Economic Analysis will release second-quarter GDP data, followed by US unemployment numbers on Friday.
While these indicators do not directly impact cryptocurrencies, they can influence broader market sentiment and investors’ willingness to take on risk. Current forecasts suggest that investors expect rates to remain unchanged and economic growth to remain moderate.
Trade negotiations also continue with other major partners. Reports suggest that discussions between the US and China may result in a three-month extension of the current tariff truce. Trade frameworks with Canada and India are also under review, and updates are expected before Thursday.
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