The cryptocurrency market shows signs of recovery, thanks to a potential tariff agreement between the U.S. and E.U. Easing trade risks could impact the increase in investment in crypto assets.
Concerns Over Tariffs Amid New Developments
Reports suggest that the U.S. and E.U. are nearing a compromise on tariff issues, which may alleviate market concerns. The new tariffs are expected to be capped at 15%, significantly lower than the previously anticipated 30%. This potential agreement contributes to reduced transaction costs and an increased appetite for riskier assets, including Bitcoin.
Increase in Stablecoin Reserves
Reserves of stablecoins such as USDT and USDC show growing interest from investors. USDT reserves on exchanges have risen to $39.07 billion, indicating traders are gearing up to make purchases. Stable assets usually gain attention ahead of volatile periods in the market.
Potential for DeFi and Altcoin Growth
The total value locked in DeFi has reached $137.5 billion, signaling a return of accumulated interest in various protocols. While DEX volumes reached $20.9 billion over the last 24 hours, studies indicate that traders may rotate from major assets like BTC and ETH into DeFi tokens, seeking higher yields.
The potential U.S.–E.U. tariff agreement could act as a catalyst for the recovering cryptocurrency market. Investors will closely monitor developments, particularly Bitcoin and altcoin behavior in the coming days.
