Key Takeaways:
- Bitcoin steadied near $119K as investors gained confidence from a reinforced crypto policy environment.
- Gold held firm around $3,355, supported by safe-haven demand despite strong U.S. data.
- Tariff tensions resurfaced as Trump’s team confirmed an August 1 deadline for new import tariffs
- Ethereum breached $3,800 before stabilizing, lifted by institutional buying.
Global markets remained broadly resilient on Monday, July 21, as investors looked past renewed geopolitical pressure from President Donald Trump and leaned into earnings momentum and macroeconomic stability.
Trump’s proposal to impose 15–20% tariffs on all European Union imports, reported over the weekend, triggered brief market jitters before sentiment stabilized. Analysts said the muted reaction reflects investor skepticism that the proposal will evolve into formal policy.
However, despite the market’s skepticism, U.S. Commerce Secretary Howard Lutnick stated on Sunday that August 1 is the firm deadline for countries to begin paying reciprocal tariffs. Lutnick also noted that smaller nations would likely face a baseline tariff of 10%, while earlier letters from Trump to global trade partners warned of new duties as high as 40%.
In response, Gold held near $3,355 an ounce, supported by safe-haven demand, though gains were limited by strong U.S. economic data that curbed hopes for a near-term interest rate cut.
In the crypto market, Bitcoin remained resilient around $118,500, supported by the passage of three major bills in the House: the Genius Act, the Digital Asset Market Clarity Act, and the Anti-CBDC Surveillance State Act, each laying critical groundwork for a formal cryptocurrency regulatory framework.
Notably, Ethereum joined the rally, breaking above $3,800 before stabilizing around $3,750, buoyed by strong inflows and rising corporate adoption, led by firms such as BitDigital and Sharplink Gaming.
Global Indices
S&P 500 (SPX): 6,629.78 (−0.01%)
Dow Jones (DJI): 44,342.19 (−0.32%)
Nasdaq Composite (IIC-D): 20,895.66 (+0.05%)
Nikkei 225 (NK2251D): 39,830.0 (0.00%)
Euronext 100 (N100-D): 1,587.65 (+0.09%)
FTSE 100 (FTSE): 8,981.8 (−0.02%)
Major Stocks
NVIDIA (NVDA): 172.41 (−0.34%)
Tesla (TSLA): 329.65 (+3.21%)
Microsoft (MSFT): 510.05 (−0.32%)
Meta (META): 704.28 (+0.41%)
Apple (AAPL): 211.18 (+0.55%)
Amazon (AMZN): 226.13 (+1.01%)
Forex
U.S. Dollar Index (DXY): 97.908 (−0.12%)
EUR/USD: 1.1631 (+0.06%)
GBP/USD: 1.3422 (+0.10%)
USD/JPY: 148.28 (−0.34%)
Cryptocurrencies
Bitcoin (BTCUSD): 118,410 (+0.77%)
Ethereum (ETHUSDT): 3,779.72 (+0.58%)
Solana (SOL): 185.44 (+2.22%)
Binance Coin (BNBUSDT): 759.9 (+0.42%)
Commodities
Gold (GOLD): 3,337.150 (+0.53%)
Silver (SILVER): 38.2672 (+0.37%)
WTI Crude (USOIL): 66.40 (−0.27%)
Brent Crude (BRENT3!): 67.9015 (+0.15%)
Market Wrap-Up
Gold and Bitcoin (BTC) held resilient as investors weighed escalating tariff risks and uncertain policy signals. Ethereum edged higher on increased institutional flows, while broader market sentiment remained cautious ahead of the August 1 tariff deadline.
Read More: Bitcoin vs. Ethereum: Who Will Dominate in H2 2025?
