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Bitcoin price today: rose above $108k amid US trade deals and optimism for rate cuts
Bitcoin rose on Monday, while broader cryptocurrency prices also increased as risk appetite was boosted by heightened optimism regarding US trade deals and potential rate cuts in the country.
The world's largest cryptocurrency increased by 1% to $108,358.7 at 08:10 Moscow time and was on track to break out of the trading range observed for most of June.
Risk appetite was bolstered by Canada canceling the digital services tax for American companies on Sunday and proposing to resume trade deals with Washington. Ottawa hopes to reach a trade agreement by July 21.
This move came as Japan also signaled ongoing efforts to reach a trade deal with the US, and a recent trade agreement between the US and the UK came into effect on Monday.
Markets hope that the US will sign trade agreements with a number of major economies by July 9, when President Donald Trump's high tariffs will take effect.
Bitcoin rose on Monday, while broader cryptocurrency prices also increased as risk appetite was boosted by heightened optimism regarding US trade deals and potential rate cuts in the country.
The world's largest cryptocurrency increased by 1% to $108,358.7 at 08:10 Moscow time and was on track to break out of the trading range observed for most of June.
Risk appetite was bolstered by Canada canceling the digital services tax for American companies on Sunday and proposing to resume trade deals with Washington. Ottawa hopes to reach a trade agreement by July 21.
This move came as Japan also signaled ongoing efforts to reach a trade deal with the US, and a recent trade agreement between the US and the UK came into effect on Monday.
Markets hope that the US will sign trade agreements with a number of major economies by July 9, when President Donald Trump's high tariffs will take effect.
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