Bitcoin Rises Slightly After U.S.-EU Trade Deal — Market Talk

Bitcoin rises slightly on positive risk sentiment following a trade deal between the U.S. and EU. However, the cryptocurrency is stuck below the key $120,000 level following its recent rally. Earlier this month bitcoin reached a record high of $123,153, according to LSEG. It was boosted by so-called "crypto week" where U.S. lawmakers passed legislation that provides a regulatory framework for cryptocurrencies in a major milestone for the industry. "Crypto week has come and gone, and while institutional adoption continues to broaden, it looks like some of the excitement has faded for the time being," IG analyst Chris Beauchamp says in a note. Bitcoin rises 0.7% to $118,873. (renae.dyer@wsj.com)