BTC Smashes $107K as US-China Trade Talks Resume—Because Nothing Boosts Crypto Like Geopolitical Theater

Bitcoin just ripped past $107,000—because apparently, all it takes to pump the king of crypto is the faintest whiff of diplomacy. US and China trade negotiators dusting off their suits in London? Cue the algorithmic buying frenzy.

The real kicker? Traders are treating this like actual progress—as if two economic superpowers known for moving at glacial speeds will suddenly hash things out over afternoon tea. Meanwhile, Wall Street's still trying to figure out how to short 'hopium.'

Love it or hate it, Bitcoin's become the ultimate geopolitical barometer—soaring on rumors, crashing on reality. At least it's more entertaining than watching the S&P 500 flatline for another decade.

As CryptoPotato reported on X, this coincided with another whale betting big on BTC on the popular decentralized exchange – Hyperliquid. The entity deposited over $5 million in USDC and instantly opened a long position with 20x leverage.

Whale alert: A new wallet just dropped $5.5M in $USDC into Hyperliquid and instantly aped into a $53.6M $BTC long at 20x leverage.

Address: 0x1f25…F925

Let the games begin. pic.twitter.com/yLDqGWNBmb

— CryptoPotato Official (@Crypto_Potato) June 9, 2025

Of course, this probably doesn’t have much to do with the recent increase, which is likely connected to renewed expectations of a positive resolution between the US and China on tariffs.

The delegations of both countries have arrived in London and are about to commence talks to stabilize the fragile trade truce, according to Walter Bloomberg on X. The US team is led by Treasury Secretary Scott Bessent, while the Chinese delegation is led by the Vice Premier He Lifeng.