China Halts US Tariffs—Bitcoin Rockets Toward All-Time High With $105K Surge

Geopolitical tensions ease as Beijing confirms tariff suspension—just as crypto markets erupt. Bitcoin’s monster green candle punches through resistance, flirting with six-figure valuations.

Market watchers scramble as BTC’s 15% intraday surge smells like institutional FOMO. ’Risk-on’ sentiment returns...or is this just another liquidity trap for retail bagholders?

Funny how ’macro stability’ always coincides with crypto pumps. Wall Street’s algo-traders must’ve gotten their Treasury yield signals crossed again.

This pattern has emerged during periods of reduced risk aversion, suggesting traders are reclassifying bitcoin as a beta-macro asset rather than a defensive hedge.

Flows into Bitcoin spot exchange-traded funds also remain a key driver. According to data compiled by Farside Investors, cumulative inflows across US-listed spot Bitcoin ETFs crossed $41 billion, with $321 million of inflows on Friday.

The products are absorbing BTC at rates six times higher than the current mining issuance. These inflows reinforce upward price pressure, particularly during low-liquidity periods when order book depth is limited.

Technical indicators point to near-term resistance. The relative strength index (RSI) on the daily chart sits at 73, in overbought territory, and previous moves above 105k have failed to hold.

Price action around the $106,000 level could prove decisive, with bids stacked slightly below and limit sells beginning to populate overhead.

The broader context reflects the improved macro sentiment. The BBC reported that China has now confirmed “suspension of tariff countermeasures,” helping calm investor concerns over tariffs and global demand.

As a result, the US dollar has traded relatively flat, with yields hovering near recent lows. This environment supports risk assets and has historically favored crypto price appreciation.

The MOVE also follows Bitcoin’s rebound above $100,000 last week, when renewed inflows and improving sentiment erased April’s tariff-driven drawdown. Traders are now watching for sustained momentum as the asset approaches previous highs.

While the $105,000 level has psychological weight, it remains a technical midpoint between resistance at $106,400 and support NEAR $102,400.

Monday’s activity places Bitcoin back near the upper boundary of its 2025 range. Whether flows and macro conditions can support a sustained move beyond the January high will likely depend on upcoming catalysts, including Tuesday’s US CPI report and Federal Reserve commentary.

For now, Bitcoin’s return to $105,000 reaffirms its position at the forefront of risk appetite in global markets.