According to @StockMKTNewz, citing Bloomberg, the European Union is set to propose a plan to the United States to implement the next phase of the trade agreement the two sides reached this summer (Bloomberg via @StockMKTNewz, Nov 12, 2025). Trade policy uncertainty has been shown to depress investment and output and has coincided with equity price declines during spikes in uncertainty, making policy progress a key macro input for risk assets (Federal Reserve Board, FEDS Notes by Caldara, Iacoviello, Molligo, Prestipino, and Raffo, Nov 28, 2019). Because crypto has become more correlated with U.S. equities since 2020, shifts in risk sentiment from major trade policy headlines can spill over to BTC and ETH performance (International Monetary Fund, Crypto Prices Move More in Sync With Stocks, Jan 2022).