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06/12 05:49

Trump’s China Deal Lifts Risk Sentiment, BTC Foll

Trump’s China Deal Lifts Risk Sentiment, BTC Follows

Bitcoin got another tailwind from geopolitics. Former U.S. President Donald Trump announced via Truth Social that a long-awaited trade agreement with China has been finalized, pending only President Xi Jinping’s approval. The deal reportedly includes a rollback of select export tariffs and was confirmed by both nations’ commerce officials.

In response to this, the BTC/USD pair surged to an intraday high of $110,300 ahead of pulling back to around $109,560. This follows months of volatility sparked by Trump’s earlier tariff threats, which had briefly driven BTC down to $74,434.The conclusion of the deal eased macro risk, lifting sentiment in both equity and crypto markets. Analysts suggest that reduced global trade friction could serve as a catalyst for Bitcoin to retest and potentially surpass its all-time highs, especially if macroeconomic stability continue
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