US-China Trade Deal Sparks Bitcoin Rally—New ATH Incoming?
Geopolitical peace breaks out—and crypto traders immediately front-run the ’risk-on’ narrative. Bitcoin surges 8% overnight as Washington and Beijing sign their long-awaited trade agreement.
Macro tailwinds or temporary hype? The market’s betting big on liquidity injections from détente. But remember: Wall Street always finds a way to monetize reconciliation—then short the aftermath.
Key levels to watch: $90K resistance looms. A clean breakout could send BTC into price discovery mode. Meanwhile, gold bugs weep into their inflation hedges.
Source: Reuters
US-China Trade Deal Gets Closer After Recent Agreement, and It Could See Bitcoin Explode
In early April, the United States rolled out its new ‘Liberation Day’ tariff plan that instituted a 10% sweeping import tax on all nations. The move was met with reciprocal action, which led the US to only increase the tax. Indeed, the continued reaction saw China facing tariffs as high as 245%, according to the WHITE House.
This had many bracing for a trade war between the two largest economies in the world. However, that may be avoidable, as a deal to cut those tariffs for 90 days has surfaced. Moreover, it has seen the crypto market surge in value. Subsequently, many have pondered if Bitcoin could benefit from a US-China trade deal and reach a new all-time high in 2025.
The news saw BTC reach heights of $105,000 on Monday. Moreover, the developments have seen it continue a 24% surge that has taken place over the last 30 days, according to CoinMarketCap. Most importantly, it is the highest the cryptocurrency has gone since it reached its $109,356 all-time high in January of this year.
So, could it break through to the $110,000 level if the two sides agree to a new trade deal? Well, it will have some obstacles in its path. Currently, the leading crypto has a key resistance at $106,000, with support at around the $102,400 level. For now, all eyes will be on how traders react to the continued increase and if profit-taking becomes the primary thing standing between Bitcoin and a new landmark price.
