Bitcoin Surges Past $104,000 as US-China Trade Deal Fuels Bullish Momentum

Bitcoin’s price has accelerated sharply, breaking past $104,000—a three-month high—as easing US-China trade tensions and institutional accumulation drive renewed bullish momentum. The cryptocurrency’s market capitalization has rebounded by 2%, reclaiming strength after prolonged stagnation below $3 trillion. Macroeconomic improvements, including tariff concessions between the US and China, are reshaping risk appetite and fueling Optimism for new all-time highs. This rally marks a significant reversal from the geopolitical pressures seen in Q1, with traders now eyeing record-breaking price targets as institutional and retail interest surges.

Bitcoin Bulls Target Huge All-Time High Amid US-China New Trade Deal

Bitcoin’s price surge accelerates as US-China trade tensions ease, with BTC breaking past $104,000—a three-month high—amid institutional accumulation. Market capitalization rebounds 2%, reclaiming momentum after prolonged stagnation below $3 trillion.

Macroeconomic détente fuels crypto’s resurgence. Traders now eye record highs as tariff concessions reshape risk appetite. The rally marks a stark reversal from Q1’s geopolitical headwinds that had suppressed valuations.

Bitcoin Eyes $105K as Coinbase Surges 24%; Rally Has More Room, Says Analyst

Bitcoin reclaimed the $104,000 level amid a trifecta of bullish catalysts: cooling inflation data, former President Trump’s market optimism, and Coinbase’s S&P 500 inclusion. The April CPI print eased Fed tightening fears, while Trump’s remarks at the Saudi-U.S. Investment Forum amplified risk appetite.

The cryptocurrency briefly challenged $105,000 before settling at $104,400, marking a 2.4% daily gain. Altcoins across the CoinDesk 20 Index largely outperformed, suggesting broadening institutional participation. All eyes now turn to Fed Chair Powell’s Thursday speech for monetary policy signals.

Tether Acquires $459 Million in Bitcoin for New BTC Treasury Venture

Tether, the stablecoin issuer, has purchased $459 million worth of Bitcoin to seed the treasury of Twenty One, a new Bitcoin-focused company set to go public via a SPAC merger with Cantor Equity Partners. The 4,812.22 BTC acquisition, executed at an average price of $95,319.83 per coin, underscores institutional confidence in Bitcoin as a reserve asset.

The Nasdaq-listed venture—backed by Tether, Bitfinex, Cantor Fitzgerald, and SoftBank Group—will inherit the bitcoin holdings at cost upon merger completion. This strategic move highlights the growing intersection of traditional finance and cryptocurrency, with major players consolidating Bitcoin’s role in corporate treasuries.

Cantor Equity Partners Discloses $458M Bitcoin Acquisition in Merger Deal

Cantor Equity Partners has revealed a $458.7 million Bitcoin acquisition as part of its pending merger with Twenty One Capital, a BTC-focused investment vehicle backed by Tether, Bitfinex, and SoftBank. The deal, disclosed in a regulatory filing, involves a complex business combination with Tether Investments and iFinex, Bitfinex’s parent company.

Tether purchased approximately 4,812 BTC at an average price of $95,319, with the tokens held in escrow before being transferred to the merged entity. Blockchain data confirms the escrow wallet received the Bitcoin from a Bitfinex hot wallet on May 9. At current prices, the wallet’s holdings are valued at $500 million.

US Pursues 2-Year Prison Term for Hacker Behind Fake Bitcoin ETF Tweet

Federal prosecutors are seeking a two-year prison sentence for an Alabama man who hacked the U.S. Securities and Exchange Commission’s official X account to falsely announce approval of a Bitcoin ETF. The January 2024 incident, involving a SIM swap attack, caused significant market disruption before being identified as fraudulent.

Eric Council Jr., the identified hacker, exploited the SEC’s social media platform during a period of heightened anticipation around Bitcoin ETF approvals. The case highlights growing concerns about cybersecurity vulnerabilities in financial regulation and digital asset markets.