Good morning, Asia. What is the news in markets here:
Welcome to Asia Morning Breifeing, a daily summary of top stories during American hours and observation of market tricks and analysis. For detailed observation of American markets, see the Crypto DeBook America of Coindesk.
Bitcoin (BTC) on Monday traded at $ 119,430 in the early Asia hours, up to 1.24%, as the speed of fast continued after a series of institutional milestones and Success trading deal Between the United States and the European Union. The Coindesk 20 (CD20) index increased by 2.37% to 4,099.18, its recent recovery expanded.
Over the weekend, President Donald Trump and European Commission President Ursula von Der Leyen announced a framework trade agreement in Turnberry, Scotland, which determines 15% US import tariffs on European Union goods, which survives at a rate of 30% earlier. The deal includes $ 600 billion in the investment of the European Union in American energy and defense in the next three years and aims to reduce Europe’s dependence on Russian fuel. Tariffs on steel and aluminum remain at 50% for time.
At the same time, the realization of bitcoin market capitalization, a measurement of the total value of BTC last crossed the $ 1 trillion threshold for the first time according to Glasanode, according to Glasanode.
All this comes when BTC continues to consolidate above $ 118,000 after killing a record high of $ 122,700 last week. The rally sold new buyers and important long -term holders while drawing in fresh capital. BTC Dominance, which measures the market share of bitcoin relative to the total crypto market, has reduced by 60.98%, which suggests minor rotation in ultcoin.
On Friday, Galaxy Digital announced that it carried out a $ 9 billion BTC transaction from the Satoshi-era investor, one of the largest single bitcoin transfer in history. The sales consisted of 80,000 BTCs and were reportedly part of an estate planning strategy.
Despite the size of the deal, the possibility of a lack of value movement is how much Illikid is the BTC, thanks to the long -term hodaling. A market on the verge of supply-shock rally can take an additional space of $ 9 billion for sale.
During this time, Polymarket bookies now give BTC 24% of killing $ 125,000 before the end of July, above 18% a week. As increased obstacles, traders weigh the effects of macro tailwind and increases on-chain punishment.
Market movement
BTC: Bitcoin is trading above $ 119k as the United States and the European Union, while signing a business agreement, while Coinglass Data Show That the traders have taken a dip in the majority of small positions.
Eth: Ether trading at $ 3,867.76, up to 3%, between strong onchain fundamentals: 28% ETH stacked, exchange balances are on eight years of climb, and the new buyer’s arrival is increasing.
Sleep: Gold is below a fourth straight day, despite a 28% year-on-year profit, starts around $ 3,335 in the initial Asia, as progress on US-EU and US-China trade deals reduces safe heaven demand before this week’s FOMC meeting.
Nikkei 225: The Asia-Pacific markets mixed on Monday as investors waited for the details of the US-Chicken Trade Dialogue.
Somewhere else in crypto
- Michael Saler is bringing bitcoin-supported money-market vehicle to Wall Street: Nydig (Coindesk)
- The drug company will buy $ 700 million in BNB, as the coin hits high (decrypt) all the time
- This fake bitcoin ATM scheme has wasted 4,000 hours of scammers (decrypt)
