Dow Soars 1,100 Points as U.S.-China Trade War Thaws—While Bitcoin Stumbles
Traders cheer as tariffs get slashed—classic ’buy the rumor, sell the news’ action. Meanwhile, crypto plays the contrarian as BTC dips despite risk-on euphoria. Wall Street’s champagne corks pop while crypto hodlers shrug—because when has Bitcoin ever followed the old-world playbook?
Funny how stocks rally on political theater while decentralized assets ignore the headlines. Maybe markets aren’t so efficient after all.
Bitcoin retreats after Truce, falls below $102,000
Bitcoin (BTC) fell 2.75% to $100,771 as of Monday afternoon, pulling back from nearly $106,000 reached earlier in the day. Bitcoin is currently trading NEAR $101,900.
The drop followed news of the aforementioned temporary 90-day U.S.-China tariff suspension, which eased macro uncertainty but led traders to “sell the news” after a month-long rally from April’s lows under $75,000.
The decline suggests Bitcoin’s recent outperformance may cool as broader markets like equities catch up.