The cryptomarkt responds positively to a new trade deal between the United States and the European Union. During a meeting in Scotland, Donald Trump and Ursula von der Leyen reached an agreement on billions of investments and energy supplies.
Shortly after the news, Bitcoin (BTC) raised 120,000 dollars. Binance Coin (BNB) even broke through to a new all-time high.
Europe is pumping billions in the US
Two weeks ago, Trump threatened with serious import duties of thirty percent on European goods if there were no agreement. That deadline was on August 1.
A deal has now been closed. During a meeting on Trumps Golf Resort in Scotland, both parties corresponded to a fifteen percent rate on European goods, with the exception of steel and aluminum. The rather raised rates of fifty percent remain in force for this.
In exchange for these ‘milder’ taxes, the EU has agreed to purchase large amounts of energy and military goods from the US. Brussels does not take countermeasures – for fear of a trade war, the proposal was accepted as it is.
BNB pops up, Bitcoin follows steadily
After the news, the rates started moving. BNB responded the strongest: the coin shot in a short time to a new all-time high of more than 825 dollars. With that, Binance Coin takes the fifth place in the ranking back from Solana (SOL).
Bitcoin also slowly crawls up and now acts above $ 119,000. Ethereum (ETH) notes a plus of more than three percent and moves towards the $ 3,850.
Although the Cryptomarkt has recently responded less violently to geopolitics news, this deal shows that trust in the global economy can still be seen immediately in the rates.
Source: https://newsbit.nl/trump-sluit-handelsdeal-met-eu-bitcoin-stijgt-richting-120-000-dollar-bnb-breekt-record/
