Bitcoin Rises on Trade Optimism

Bitcoin benefited from an improved risk appetite after the United States and Vietnam announced a trade deal, which is Washington's third agreement ahead of the July 9 deadline.

Markets were also encouraged by the U.S. easing some restrictions on chip technology exports to China, after the two countries reached a framework trade agreement in June.

The trade progress has raised hopes for more U.S. trade deals ahead of next week's deadline. U.S. officials stated that the agreement with India was close, but talks with Japan and South Korea appeared to have hit a snag.

Trump also indicated that he has no intention of extending his July 9 deadline to impose high tariffs on major trading partners.

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