Bitcoin Recovers to $119,000 Amid US-EU Negotiations [Crypto Briefing]

[Financial News] Bitcoin recovered to $119,000 on the 28th. This is interpreted as a recovery in investor sentiment following the conclusion of trade negotiations between the United States and the European Union (EU) to impose a 15% tariff on EU goods.
According to the global virtual asset information platform CoinMarketCap, Bitcoin is trading at $119,000 as of 10:30 a.m. today, up 1.05% from the previous day (24-hour basis). Bitcoin has shown a rollercoaster trend from $115,000 to $120,000 over the past week, and has been on the rise from $118,000 to $119,000 since the 27th.
Bitcoin is trading at 160 million won in the won market. According to the global virtual asset market comparison platform Cryprice, the Korean premium is -1.31%.
Previously, on the 27th (local time), US President Donald Trump and EU Commission President Ursula von der Leyen concluded trade negotiations to impose a 15% tariff on EU goods imported into the United States at Turnberry, Scotland, UK.
As the US trade war reaches its final stages, investors seem to be buying in. With President Trump hinting at additional trade negotiations with 3-4 countries before the end of the mutual tariff grace period on the 1st of next month, some speculate that the $120,000 level could be breached again depending on the negotiation results.
Ethereum and XRP (Ripple) are also strong. At the same time, Ethereum is trading at $3,861, up 2.48% from the previous day, and Ripple is trading at $3.24, up 1.45%.
Ethereum seems to be influenced by a large inflow of funds into spot ETFs recently. It is reported that over $1.8 billion has been net inflowed into 9 spot ETFs tracking Ethereum prices last week. Ripple is also expected to launch a spot ETF soon, following the conclusion of its lawsuit with the US Securities and Exchange Commission (SEC).
Meanwhile, like the US's 'Genius Act' regulation on stablecoins that boosted Bitcoin's strength, South Korea is also accelerating the legislation of stablecoins. Andogeol, a member of the Democratic Party, proposed a comprehensive legislative bill to institutionalize value-stable stablecoins as part of the national monetary order and innovative financial system, titled 'Bill on the Issuance and Distribution of Value-Stable Digital Assets'.

yimsh0214@fnnews.com Sanghyuk Lim Reporter