Cryptocurrency markets are closely observing the progress of global tariff talks, especially with a July 9th deadline looming. The past months have been marked by uncertainty due to tariffs imposed by the United States, creating volatility in the market. Recent statements from the European Union and the United Kingdom, expressing optimism for diplomatic solutions, offer a glimmer of hope. 2 weeks ago, President Trump threatened 50% tariffs on the EU, but was met with an EU commitment to find a resolution through dialogue. Meanwhile, China has maintained a more conciliatory approach, emphasizing the need for a peaceful solution without escalation. The upcoming meeting between President Trump and President Xi could provide further insights into these negotiations. 🤝 🇺🇸🇨🇳. Recent developments from China and other nations suggest potential agreements on tariffs, while a positive market impact is expected as we get closer to the July 9th deadline. These deals could potentially push Bitcoin prices toward $120,000, along with significant gains for altcoins. The Federal Reserve’s interest rate decisions are currently being influenced by these escalating trade disputes. If long-term agreements on tariffs remain at or below 10%, the inflationary pressure will be minimized, potentially allowing the Fed to steer towards riskier market investments. The current price of ETH is hovering just below $2,650, as per Binance TR.