Bitcoin Jumps Over $105K After U.S.–China Trade Deal
Bitcoin is making headlines again! The world’s biggest cryptocurrency shot up past $105,000, its strongest rise in weeks. What caused the spike? A new trade agreement between the U.S. and China that’s giving investors a big reason to smile.
Here’s what happened:
The U.S. and China agreed to pause tariffs (extra taxes on imported goods) for 90 days. This means less tension between the two powerful countries and more confidence in global markets. As a result, Bitcoin briefly jumped to $105,705 before settling around $104,397.
Why this matters:
• The U.S. is cutting tariffs on Chinese goods from 145% to 30%.
• China is lowering its own tariffs on American products from 125% to 10%.
• This trade deal is seen as a positive sign for the world economy, encouraging investors to take more risks and that includes buying crypto.
Bitcoin isn’t the only one rising:
Other cryptocurrencies (called altcoins) are also bouncing back. Ethereum led the pack with a 40% gain in just one week. The total value of all altcoins has now passed $250 billion, and some think it could go even higher if the trend continues.
What experts are saying:
Analysts believe this trade deal could be a turning point for Bitcoin. Many are hopeful it could push the price back to or even beyond its all-time high. Data shows that more traders are betting on Bitcoin’s price going up, which adds even more fuel to the rally.
However, some are warning that Bitcoin might become too dominant, possibly limiting the rise of altcoins in the short term.
What’s next?
Even though Bitcoin has cooled off a bit since its peak, the overall mood is still very positive. If global stability continues and people keep buying, Bitcoin could be getting ready for another big climb.