Optimism boosted by the long-awaited trade agreement reached between the United States and China has brought Bitcoin (BTC) close to new highs.
According to a post by U.S. President Donald Trump on Truth Social on Wednesday, the world's two largest trading economies are nearly finished with their trade agreement.
Trump stated, "Our deal with China is done, pending final approval by me and the Chairman. We will receive a total of 55% in tariffs, while China gets 10%. The relationship is very good."
Nexo's analyst Iliya Kalchev noted that while the U.S.-China agreement "seems to alleviate some tensions regarding rare earth exports, specific policy changes remain unclear." He told Cointelegraph that Wall Street futures saw a slight decline following the announcement.
According to TradingView data, Bitcoin (BTC) reached a 24-hour high of nearly $110,300 before falling back to $109,560 by 9:04 PM on Wednesday.
Raoul Pal, founder and CEO of Global Macro Investor, stated, "Almost all other tariff negotiations and rhetoric are aimed at getting China to agree to a deal."
In a post on X on April 8, he wrote that the remaining negotiations might just be a "posture" to reach a trade agreement with China.
On Tuesday, China's Vice Minister of Commerce Li Chenggang stated that both sides have reached an agreement in principle to resolve trade disputes through mutually beneficial cooperation.
Li Chenggang mentioned in an interview with China Daily that both sides had "candid and in-depth discussions" during negotiations in London.
These developments could bring significant relief to cryptocurrency investors, as Trump's reciprocal trade tariffs are seen as the biggest macroeconomic threat to traditional stocks and the cryptocurrency market in 2025.
Bitcoin briefly fell to a year-to-date low of $74,434 on April 7, following Trump's announcement of reciprocal import tariffs on April 2, which led to a loss of over $5 trillion in the S&P 500 index, marking the largest drop to date.
The uncertainty related to tariffs has also affected venture capital (VC) interest, with cryptocurrency VC deals dropping to 62 rounds of investment in May, marking a monthly low for 2025, according to Cointelegraph.
Aurelie Barthere, chief research analyst at cryptocurrency intelligence platform Nansen, stated that this slowdown is primarily due to a "combination of market pricing and sentiment," both of which have been impacted by the "deterioration of tariff rhetoric."
Related: Analyst: The "Altcoin ETF Summer" for cryptocurrencies may arrive in July with SEC approval
Original: “Bitcoin (BTC) Approaches New Highs as Trump Claims US-China Trade 'Deal is Done'”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
