Recently, a meeting took place between U.S. President Donald Trump and European Commission President Ursula von der Leyen. Discussing deal terms, they reached significant agreements that promise to change the situation in the market.
Trump and Ursula von der Leyen's Meeting
The meeting was held in Turnberry, Scotland, and, according to statements from both parties, was productive. They reached a preliminary agreement on a trade deal.
Details of the Trade Deal
According to details shared by CNN, the European Union has agreed to purchase $750 billion worth of energy from the U.S. and invest an additional $600 billion in various initiatives. However, Trump stated that he could not lower the tariffs below 15%.
Crypto Market Reaction
While tariff news previously significantly affected the crypto market, this influence has diminished in recent months. Nevertheless, cryptocurrencies such as BNB have shown growth, reaching an all-time high above $825. Bitcoin has also slightly risen and is trading above $119,000, while Ethereum increased by over 3%.
The trade agreement between Trump and the European Union has the potential to impact not just the energy sector but also the cryptocurrency market, considering the current economic conditions.
