Cryptocurrencies Climb Up to 2% on Trade Announcements; Bitcoin Tops $107,000

Quick overview

The crypto market remains calm as global equities hit new all-time highs following the announcement of a trade agreement between the U.S. and China.

Leading cryptocurrencies are posting gains of up to 2% amid the easing of geopolitical tensions. In this context, Bitcoin (BTC) has climbed above $107,000.

BTC was up 0.1% over the past 24 hours to $107,213, bringing its weekly gain to 3.4%. Ethereum (ETH) traded flat at $2,424.97, though it’s down 0.1% over the past seven days.

XRP (XRP) rose 0.9% to $2.14 but remains down 4.9% over the last 30 days. BNB (BNB) added 0.4% to $646.64, while Solana (SOL) jumped 1.9%, recovering from its weekly losses to reach $143.04.

Tron (TRX) climbed 0.8% to $0.2732, Dogecoin (DOGE) advanced 0.5% to $0.1613, and Cardano (ADA) rose 0.7% to $0.5586, trimming its 7-day loss to 4.0%.

Global Trade De-escalation Sets a Positive Tone for Crypto

The ceasefire in the Middle East and the trade pact between the U.S. and China have helped ease global tensions and created a favorable environment for the crypto market.

With that backdrop, Bitcoin appears to have a clearer path toward new highs. The cryptocurrency reached its all-time high of $111,891.30 on May 22, 2025. According to on-chain data from analytics firm Bitcoin Vector, BTC liquidity saw its first significant expansion in June after hitting a three-year low.

Although Bitcoin remains just below its record level, the firm highlighted a “constructive shift” in market dynamics, with capital “returning cautiously” and “laying the foundation for a new phase.”

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Ignacio Teson

Economist and Financial Analyst

Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.

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