Bitcoin Hit Record High as EU-US Trade Deal Pip Kick Crypto Rally
Bitcoin don jump high reach record $117,647 dis week afta say U.S. pause di new tariffs till August 1 and EU comot dia digital tax plan because of U.S. pressure. Di possible EU-US trade deal reduce gbegege geopolitical wahala and make institution dem and bullish derivatives wey dey flow come push Bitcoin enter price discovery. Altcoins sef rally: Ether break $3,000 on top rising ETF demand and e dey eye $3,500, while XRP pass $2.70 because of strong momentum. On-chain data show say pipo dey take profit for BTC and ETH, e slow for XRP; whale wallets still dey gather Bitcoin as small holders dey reduce their positions. Traders fit think well to enter long when positive MACD signals show, dem dey watch key support and resistance levels. Market people go dey keep eye for di final tariff deadline and trade deal terms, wey fit make cryptocurrency market go more high if dem confirm say regulatory framework stable.
Bullish
Dis news dey bullish for Bitcoin and di broader crypto market becos e combine fresh all-time high wit reduced geopolitical and regulatory uncertainty from di prospective EU-US trade deal. Institutional inflows and bullish derivatives flows show say buying momentum strong. Short term, traders fit use positive technical indicators like MACD crossovers and overbought RSI levels take target key support and resistance. Long term, if trade agreement settle well and regulatory framework stable, e fit attract steady institutional and retail adoption, wey go reinforce upward pressure on Bitcoin and main altcoins.