Bitcoin Climbs as U.S. Trade Hopes and Regulatory Clarity Boost Crypto Sentiment

Bitcoin continued its upward momentum on Monday, buoyed by rising global risk appetite, progress on U.S. trade deals, and growing institutional adoption. The world's largest cryptocurrency rose 1% to $108,358.7 by 01:10 ET (05:10 GMT), edging closer to breaking out of a tight June range.

Trade Diplomacy Fuels Risk-On Mood

Optimism surged after Canada withdrew a proposed digital service tax on U.S. firms and reopened trade negotiations with Washington. Ottawa is now targeting a July 21 deadline for a new deal. Simultaneously, Japan renewed efforts to finalize a bilateral U.S. trade pact, and a new U.S.-UK trade agreement took effect Monday.

Markets are now keenly watching whether the U.S. will secure further trade agreements before the July 9 deadline, when President Donald Trump's new tariffs are set to kick in.

Bitcoin On Track for a Strong June Close

Bitcoin is up 3.6% for June, riding a tailwind of:

• Improved macro sentiment

• Easing geopolitical tensions

• Ongoing regulatory progress in Washington

A major driver: progress on a U.S. stablecoin bill, viewed by markets as a signal of the Trump administration's pro-crypto stance. Legislative movement has also increased institutional confidence, especially following signals from Fannie Mae and Freddie Mac about potentially accepting crypto collateral for home loans.

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Final Thoughts

With risk sentiment improving, rate cut expectations rising, and policy visibility increasing, Bitcoin may be well-positioned to extend its rally into July. However, macro and political uncertainties—especially around tariff implementation deadlines—remain key risks to monitor.