Bitcoin Rises After Rally in Tech Stocks, U.S.-Vietnam Deal — Market Talk

Bitcoin rises after a rally in U.S. tech stocks and a trade agreement between the U.S. and Vietnam. Gains in major tech stocks lifted the S&P 500 and Nasdaq composite to fresh records on Wednesday. President Trump said the agreement with Vietnam will charge 20% tariffs on imports from the south-east Asian country, down from the 46% levy announced in April. The deal raises hopes the U.S. is about to announce multiple trade deals before the pause in reciprocal tariffs against trading partners ends on July 9, Deutsche Bank analysts say in a note. Bitcoin rises 0.2% to $109,423 after hitting a three-week high of $109,813 late Wednesday, according to LSEG. (renae.dyer@wsj.com)