A sweeping new trade agreement between the US and the EU (European Union) could mark a turning point in global risk sentiment, and potentially support Bitcoin (BTC) and other risk assets.
Meanwhile, crypto markets eye another hiatus regarding tariff policies between the US and China.
Trump Announces US-EU Trade Deal: All You Need to KnowThe latest US-EU agreement, valued at approximately $1.35 trillion, includes sweeping commitments from the European bloc.
Under the terms of the deal, the EU will purchase $750 billion worth of US energy, invest $600 billion into the US economy, and buy hundreds of billions worth of American-made military equipment.
In exchange, a uniform 15% tariff will be applied across all US-EU traded goods, replacing previously fragmented tariff rates.