Bitcoin Soars Past $103K as US and China Announce Tariff Cuts to 30% and 10%
- US and China agree to slash trade tariffs (US to 30%, CN to 10%), fueling Bitcoin rally past $103K
- BTC’s status as risk asset vs. safe haven debated as US-China trade tensions ease; price above 103K
- Bitcoin price analysis shows BTC near $105.6K; breakout above $106K eyes $110K amid tariff news
Bitcoin’s (BTC) price surged past the $103,000 mark Monday, from bullish momentum that analysts believe may carry the asset toward a new all-time high (ATH). This powerful Bitcoin rally is directly fueled by a joint statement released in Geneva.
The statement confirms the United States (US) and China have agreed to temporarily slash tariffs on each other’s goods. Effective by May 14 for 90 days, US levies on Chinese goods will drop from 145% to 30%, while Chinese duties on US goods will decrease from 125% to 10%.
Cooling US-China Trade Tensions Boost Risk Asset Appeal
This US-China trade agreement aims to cool escalating trade tensions and allow critical time for further negotiations. US Treasury Secretary Scott Bessent highlighted a mutual disinterest from both nations in complete economic decoupling. This suggests a move towards a more stable macroeconomic e…
The post Bitcoin Soars Past $103K as US and China Announce Tariff Cuts to 30% and 10% appeared first on Coin Edition.
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Bitcoin Soars Past $103K as US and China Announce Tariff Cuts to 30% and 10%
- US and China agree to slash trade tariffs (US to 30%, CN to 10%), fueling Bitcoin rally past $103K
- BTC’s status as risk asset vs. safe haven debated as US-China trade tensions ease; price above 103K
- Bitcoin price analysis shows BTC near $105.6K; breakout above $106K eyes $110K amid tariff news
Bitcoin’s (BTC) price surged past the $103,000 mark Monday, from bullish momentum that analysts believe may carry the asset toward a new all-time high (ATH). This powerful Bitcoin rally is directly fueled by a joint statement released in Geneva.
The statement confirms the United States (US) and China have agreed to temporarily slash tariffs on each other’s goods. Effective by May 14 for 90 days, US levies on Chinese goods will drop from 145% to 30%, while Chinese duties on US goods will decrease from 125% to 10%.
Cooling US-China Trade Tensions Boost Risk Asset Appeal
This US-China trade agreement aims to cool escalating trade tensions and allow critical time for further negotiations. US Treasury Secretary Scott Bessent highlighted a mutual disinterest from both nations in complete economic decoupling. This suggests a move towards a more stable macroeconomic e…
The post Bitcoin Soars Past $103K as US and China Announce Tariff Cuts to 30% and 10% appeared first on Coin Edition.
Читать больше
Beat Holdings Quadruples Bitcoin ETF Bet to $34M, Buys More IBIT