Bitcoin Holds Intraday Gains on U.S.-Vietnam Trade Agreement

Trump Announces Adjustment to Vietnam Goods Tariff 46->20%
BTC Defends $109,000 After Risen of Morning on The News
Altcoin Continues Gains on Afternoon After Morning Soaring
Experts Predict "BTC Reaches $120,000 If Over $109,000"

The cryptocurrency market, including Bitcoin(BTC), rose on Jul. 3 on the news of the settlement of a trade agreement between the U.S. and Vietnam.

U.S. President Donald Trump said on his SNS "Truth Social" on the 2nd, "It is an honor that we have signed a trade agreement with Vietnam," adding, "We will impose a 20% tariff on all Vietnamese goods entering the U.S. territory and a 40% tariff on transshipment goods (the volume exported by a third country to the U.S. via Vietnam)."

The cryptocurrency market also rose on the news that a trade agreement with Vietnam, a major production exporter, has been reached, which has become a "factory of the world."

Bitcoin continued to protect $109,000 after touching $109,000 in the morning, while altcoins continued to rise. Many of the major altcoins posted gains of over 10%.

◇Bitcoin = Bitcoin price is $109,328 at 4:30 p.m. on Jul. 3, 2025. The Bitcoin share(dominance) was 65.09%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 32.68% and 67.32%, according to the on-chain analytics platform Sigbtc.

Experts' views over Bitcoin were mixed.

Global bank Standard Chartered predicted Bitcoin will finally hit $200,000 this year after hitting $135,000 in the third quarter of this year.

Standard Chartered said that Bitcoin spot exchange-traded funds (ETFs) in the U.S. are currently buying about twice as much bitcoin as in the first half of the year, and this trend will continue in the third and fourth quarters. "The U.S. Bitcoin spot ETF purchased 118,424 Bitcoin in the first half of the year and recently 245,510 Bitcoin," Standard Chartered said. "This buying trend is not expected to be easily dampened this year."

Famous cryptocurrency YouTuber Lark Davis expressed his opinion that Bitcoin needs to surpass $109,000 to continue its rise.

Davis analyzed the hawk wall based on the Bitcoin graph in his YouTube video on the 2nd and pointed out that $109,000 is a major psychological barrier for Bitcoin's further rise. "There is a major sell-off at 109,000 dollars," he said. "If it breaks through this point, Bitcoin could rise to $120,000."

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Jul. 3 was Zilica(ZIL), up about 16% on the day alone.

Zilica is a cryptocurrency designed to expand transaction ratios using a technology called Shading to improve the scalability and problems of existing cryptocurrencies and smart contracts.

It launched Mainnet back in January 2019 and focuses on handling smart contracts at scale without wasting the decentralization of consensus, and smart contracts are based on Scilla as a proprietary programming language.

◇Fear Greed Index = Digital asset fear-greed index provided by Alternative has entered the 'greed' phase with 73 points. The Greed phase is a phase where price volatility and trading volume increase, and the price increases. The possibility of forming a short-term high is high, so caution should be taken in selling.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 62.1, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a particular asset price and is an indicator of a measure of over-purchasing and over-selling of a particular asset.

권승원 기자 ksw@blockstreet.co.kr