tl;dr
Bitcoin surged to $105,705, nearing its January all-time high of $109,356, driven by positive US-China trade developments confirming a 90-day suspension of reciprocal tariffs. This trade progress fueled a risk-on market environment, pushing Bitcoin higher alongside oil and equities while gold declin...
China has confirmed a 90-day suspension of reciprocal US tariffs, igniting a surge in investor sentiment and propelling Bitcoin close to its all-time high at $105,000.
Bitcoin’s recent rally aligns with a broader risk-on market mood, distancing itself from traditional safe havens like gold, while attracting significant inflows into spot Bitcoin ETFs totaling over $41 billion.
This tariff suspension between the US and China has alleviated global market fears, bolstering risk assets and underpinning Bitcoin’s renewed strength ahead of critical economic data releases.
On Monday, Bitcoin surged to $105,705, nearing January’s all-time high of $109,356, fueled by positive trade developments and a 90-day tariff pause. The uptick coincided with rising oil and equities prices, against a backdrop of declining gold, reflecting a macro rotation favoring riskier assets.
Spot Bitcoin ETFs continue to absorb large amounts of BTC—six times higher than current mining issuance rates—supporting upward price pressure, especially during low liquidity.
Bitcoin’s price is now approaching a key resistance level near $106,000, with market participants closely monitoring forthcoming US economic data and Federal Reserve remarks to determine if this momentum can be sustained.
The tariff suspension has calmed investor concerns, keeping the US dollar stable and yields near recent lows, an environment historically favorable for crypto appreciation.
This strong price move comes after Bitcoin’s rebound above $100,000 last week, erasing previous tariff-driven losses and reaffirming Bitcoin’s role as a leading barometer of global risk appetite.
Traders face a critical juncture around $105,000—a psychological and technical pivot point—amid growing inflows and improved macro conditions. The trajectory beyond January’s high will likely hinge on upcoming catalysts like the US CPI report and Federal Reserve commentary.
In summary, the US-China tariff suspension has triggered a wave of optimism across global markets, fueling Bitcoin’s robust advance and highlighting its evolving status as a key asset in the current risk-on environment.