🚀 Bitcoin Rockets Past $120K, Ethereum Targets $4K as US-EU Tariff Deal Fuels Crypto Rally

Crypto markets erupt as geopolitical tailwinds send digital assets soaring—Wall Street analysts scramble to update their 'bubble' narratives.

The Bitcoin moonshot

BTC smashes through the $120K barrier with the force of a thousand margin-called short sellers. Institutional FOMO reaches critical mass as pension funds quietly allocate another 2% to 'digital gold.'

Ethereum's revenge rally

ETH eyes the $4K psychological threshold while DeFi degens cheer—proof that even bureaucratic trade deals can't kill crypto's animal spirits. Gas fees remain criminally high, naturally.

The fine print

Traders celebrate until realizing 90% of gains will be devoured by capital gains taxes—because nothing fuels innovation like governments claiming dibs on unrealized profits. Stay long, but maybe buy a VPN first.

Altcoins and ETFs Strengthen Market Confidence

In addition to Bitcoin and Ethereum, altcoins also saw notable gains. Over the course of a day, Optimism’s OP rose nearly 16% to $0.8312, while PancakeSwap’s CAKE gained 16.30% to $3.26–as per CoinMarketCap data.

Further momentum was added by Wall Street’s increasing attention on Bitcoin ETFs. Traditional investors can now get exposure to Bitcoin through these ETFs without having to deal with bitcoin exchanges.

Meanwhile, one of the factors which could influence the crypto market is the U.S. government considering the establishment of a “Strategic Bitcoin Reserve,” which would essentially treat Bitcoin as a form of digital Gold. This move would solidify Bitcoin’s reputation as a reliable long-term store of value. 

Consequently, the market is bracing for consistent demand as governments and institutions ramp up their Bitcoin holdings.

Also Read: Bitcoin Jumps to $119,700 as U.S.-China Tariff Talks Resume