Can US-China Trade Deal Push BTC to a New All-Time High?

By: cryptosheadlines|2025/05/12 15:31:29
0
Share
copy
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Since the start of the year, the cryptocurrency market has certainly struggled. With ongoing macroeconomic concerns and geopolitical tensions, momentum was certainly hard to come by. Yet, that may be set to change, as a US-China trade deal could be a catalyst toward pushing Bitcoin to a new 2025 all-time high.The leading cryptocurrency soared on news that the two countries had reached a new tariff deal. Specifically, they agreed to halt and lower their present import duty increases over the next 90 days. That has many hopeful that the two sides will be able to come together on a new trade deal. If they do, Bitcoin and a host of other financial markets could be set to benefit.Source: ReutersAlso Read: Bitcoin Retakes $100k: Why Is BTC Up Today?US-China Trade Deal Gets Closer After Recent Agreement, and It Could See Bitcoin ExplodeIn 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.Source: Watcher GuruAlso Read: US Banks Can Now Custody Customer Crypto, OCC SaysThe 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.Source link

-- Price

--

You may also like

Morning Report | Vitalik outlines Ethereum's long-term roadmap, Lean Ethereum will become the third major iteration; SK Hynix seeks to attract more AI investors by listing in the U.S

July 5 Market Important Events Overview

The impact of OUSD on Circle, Tether, and Paxos: not a single negative factor, but a more complex reshaping of competition

OUSD will not be the last new competitor; Circle needs to respond more actively in terms of products, distribution, and ecosystem collaboration.

Li Feifei's latest long article: When video generation, robots, and NVIDIA all claim to be world models, we need a taxonomy

Language gives machines a way to talk about the world. The world model is the means by which machines ultimately understand, imagine, reason, and interact with it.

Blaming the desolation of the cryptocurrency world on the rise of AI is a form of intellectual laziness

The emergence of giants signifies a mature business model. Although it will reduce speculative space, there is also enough room for error, allowing for the continuous emergence of new forces.

Strategy Founder: The Next 10 Years of Bitcoin

In the next decade, the biggest evolution of Bitcoin is precisely "responding to change with invariance." The four-year cycle is giving way to capital flows such as ETFs, corporate and sovereign reserves, and bank credit, while digital credit and digital currency will grow layer upon layer on top of...

Forbes Special Report: Stablecoin cross-border payments are faster now, but not cheaper yet

Cross-border payments using stablecoins are rapidly expanding, bringing speed and accessibility, but due to insufficient institutional liquidity, they have not yet delivered on their promised cost savings. The technology has been validated, and regulations are improving, but the industry has not yet...

Contents

Popular coins

Latest Crypto News

Read more
iconiconiconiconiconiconicon
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com