Bitcoin continued its steady climb on Monday, buoyed by positive sentiment surrounding U.S.-EU trade negotiations and a supportive tone from the Federal Reserve.
The leading cryptocurrency rose 1.6% over the past 24 hours, trading just below the $85,000 mark. Ether (ETH) followed with a 2.7% gain, reaching $1,630. Broader crypto markets also rallied modestly, with the CoinDesk 20 Index up 1.2% — driven by notable strength in Solana (SOL) and Avalanche (AVAX).
Traditional markets echoed this upbeat tone, with the Nasdaq advancing 0.6% and the S&P 500 adding 0.8%. Crypto-linked stocks Strategy (MSTR) and MARA Holdings (MARA) outperformed, each rising by around 3%.
Fed and EU Offer Market Reprieve
Monday’s market gains came amid dovish signals from Federal Reserve Governor Christopher Waller, who said that a reintroduction of Trump-era tariffs could potentially trigger significant interest rate cuts if economic activity takes a hit.
“If the slowdown is significant and even threatens a recession, then I would expect to favor cutting the FOMC’s policy rate sooner and to a greater extent,” Waller said during a speech.
Adding to the market’s optimism, the European Commission announced it would postpone retaliatory tariffs on $22 billion worth of U.S. goods until at least July 14, citing a desire to give negotiations room to succeed.
The probability of a successful U.S.-EU trade agreement climbed to 65% on the Polymarket prediction platform following reports that President Trump said a deal is in motion.
Bitcoin Fundamentals Show Signs of Recovery
Despite stalling at the $85,000 resistance level, BTC’s underlying metrics are improving, according to crypto analytics firm SwissBlock Technologies.
“We’ve observed a steady influx of new participants since March,” Swissblock analysts said in a Telegram update. “Liquidity is stabilizing — gone are the wild swings we saw earlier in 2025.”
They pointed to network growth and a rising liquidity gauge as signs of structural strength. “When the liquidity indicator sustains above the 50 mark, price action often follows with increased momentum.”
“These are the kind of healthy foundations that support lasting bullish trends,” the firm noted.
