Bitcoin Eyes New Highs: Trump Trade Triumph Sparks BTC Rally
With fresh hope that the United States and China have finally reached a deal on their long-awaited trade pact, Bitcoin is gaining ground on its previous peak. US President Donald Trump said in a June 11 post on Truth Social that the world’s biggest trading economies are almost done with their trade agreement.
Our deal with China is done, subject to final approval with President Xi and me. We are getting a total of 55% tariffs, China is getting 10%. Relationship is excellent.
Trump
US-China Trade Tensions Ease, but Market Reaction Remains Cautious
According to Nexo dispatch analyst Iliya Kalchev, although the US-China agreement seems to ease some concerns over rare earth shipments, substantial policy changes are still difficult. He stated that the news caused a slight drop in Wall Street futures. Data from TradingView indicates that the price of Bitcoin fell back to $109,865 after peaking below $110,300 in a single day.
Almost all the other tariff negotiations and rhetoric are all about getting China to agree to a deal,
Global Macro Investor founder and CEO Raoul Pal
He stated in an April 8 X post that the remaining talks might be merely a prelude to a trade deal with mainland China.
In-Principle Trade Agreement Between U.S. and China Eases Market Fears
Li Chenggang, China’s vice commerce minister, announced on Tuesday that the two countries had struck an in-principle agreement to settle trade disputes through cooperative efforts that benefit all parties. During the London negotiations, Chenggang informed the Chinese news source China Daily that the two sides had open and detailed discussions.
Crypto investors may find a great deal of relief from the developments. In 2025, the most macroeconomic threat to the conventional stock and cryptocurrency markets was thought to be President Trump’s reciprocal trade tariffs.
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