The EU and the US have reached a joint statement, finalizing a trade agreement. The EU plans to purchase $750 billion worth of US LNG, oil, nuclear products, and at least $40 billion in AI chips.
With this agreement signed, it feels like US-EU relations have eased, which is positive for the crypto market, as reduced trade friction can stimulate the global economy.
Considering today's reduction of US tariffs on EU automobiles to 15%, the flow of funds has become smoother. I suspect Bitcoin will benefit, and yesterday's ETF capital outflow may reverse.
However, the market's focus is still on Powell's speech. If there are strong signals for interest rate cuts, this agreement could push BTC up to 120k. In the short term, it's advisable to keep a close eye on gold and stock futures, as they are often leading indicators for crypto.