US-China Tariff Deal: Bitcoin Price Poised to Surge Past $110,000?
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The ongoing US-China trade war has significantly impacted global financial markets, including the price of Bitcoin. Initially, escalating tariffs caused Bitcoin to plummet below $80,000. However, recent developments suggest a potential turning point. In April 2025, President Trump announced a substantial tariff increase on Chinese goods, sparking panic and retaliation. Subsequently, a 90-day tariff pause, excluding China, led to a Bitcoin price recovery above $100,000. Now, a new agreement between the US and China at the US-China Economic and Trade Meeting in Geneva involves a 24-percentage-point tariff reduction, effective for 90 days. This development has instilled investor confidence in risk assets like Bitcoin. The positive news surrounding the tariff reduction is driving a Bitcoin price rally, and the impending May 14th deadline for implementing the tariff cuts could trigger another surge. Analysts predict that Bitcoin could easily surpass $110,000 in the coming days as investors return to riskier markets. This positive market sentiment is largely attributed to the perceived decrease in uncertainty surrounding the trade war, offering a period of stability and encouraging investment in assets like Bitcoin. The 90-day period provides a window of opportunity for further negotiations and a potential resolution to the larger trade conflict, further fueling this optimism. The situation remains dynamic, however, and depends heavily on the continuation of positive trade negotiations between the two economic giants. Any setbacks could reverse the current positive trend in Bitcoin's price.
(Source: https://www.newsbtc.com/news/bitcoin/us-china-tariff-bitcoin-price/)
