Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Donald Trump And Bitcoin: Why The China Resolution Could Trigger $100,000

Share This Post

As Bitcoin (BTC) hovers above the $90,000 mark, renewed optimism is sweeping through the crypto market — and surprisingly, much of it is driven by the political developments made by United States (US) President Donald Trump. Amid the market turmoil and decline, Trump has recently shifted his stance on the previously proposed tariff hikes on China. Analysts are now pointing to the possible trade resolution between the two countries as a potential catalyst that could propel the Bitcoin price to $100,000

Bitcoin Sees Reprieve As Trump Backs Off On China Tariff Hike

Bitcoin has once again seized the spotlight, breaking past $94,000 in just one day. However, this rally isn’t being driven by traditional crypto catalysts like ETF inflows but by whale accumulation spikes and the sudden political changes in the US. 

After months of escalating rhetoric and tariff threats, Trump appeared to pivot this week, striking a more conciliatory tone toward China. Bitcoin’s rise above its previous low below $75,000 is a testament to the market’s ready response to Trump’s unexpected policy shift, signaling a de-escalation in US-China trade tensions.

The rally, which reversed weeks of sluggish price action across crypto markets, was led by Bitcoin and quickly followed by lower-cap altcoins. Based on the timing of Bitcoin’s price increase, the shift in investor sentiment is likely tied to Trump’s twin policy pivots. This not only includes easing tariffs on China but also his surprising decision to back off from removing Federal Reserve Chair Jerome Powell

Discussions are still underway about whether China will respond to Trump’s tariff plans. In a recent press conference at the White House, Trump appeared confident that China would eventually cut a trade deal with the US. 

Despite his earlier use of steep tariffs as a possible intimidation tactic, the US President admitted that he would no longer be playing “hardball.” Instead, he signaled a more conciliatory approach toward resolving the trade tensions with China. 

BTC Price To Reclaim $100,000

Presently, Bitcoin has pulled back to $92,487 after its brief surge past $94,000. Market expert ‘Crypto VIP Signal’ on X (formerly Twitter) notes that BTC is rapidly approaching a critical resistance level at $95,000 while maintaining strong support at $90,000. 

A decline below the support zone could lead to further price breakdowns toward $88,000 – $80,000. Alternatively, a decisive breakout above the resistance threshold is expected to trigger a strong rally for BTC.

Bitcoin

Other analysts have shared similar bullish sentiments, suggesting that easing tariff tensions in the US and Trump’s optimistic remarks about being in talks with China could trigger a surge in BTC, possibly pushing it to $100,000. The analyst predicts that Bitcoin will reclaim this level once the US secures a trade agreement with China.

Bitcoin

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Crypto Bulls See $644M Bloodbath As Bitcoin Dips Below $105,000

Data shows a large number of long liquidations have occurred in the cryptocurrency market as Bitcoin and other assets have plunged Crypto Liquidations Have Surpassed $712 Million Over The Past Day

Bullish Candle Formation Suggests The XRP Price Could Touch $22

Crypto analyst Egrag Crypto has highlighted a bullish candle formation, which could send the XRP price to as high as $22 This comes just as the analyst predicted that the altcoin could hit a $15

Coinbase says FTX repayments could become a $5B market injection

Coinbase analysts believe that the $5 billion repayment round initiated by the FTX Recovery Trust could function as a significant injection of liquidity into digital asset markets, potentially

Caricom Bloc Advances Pilot to Reduce Dollar Dependence

The governors of the Central Banks of Caricom agreed to advance a local currency-based, instant settlement payment platform to reduce their reliance on the US dollar A pilot has already managed to

Meta shareholders reject Bitcoin treasury bid in landslide vote

Meta Platforms shareholders rejected a measure that urged the company to add Bitcoin (BTC) to its $72 billion cash pile, voting 498 billion shares against and 392 million for at the May 30 annual

Landmark Crypto Legislation Introduced in Congress—CLARITY Act Ushers in Golden Age

The CLARITY Act unleashes a historic wave of pro-crypto momentum, cementing US leadership in Web3, safeguarding self-custody, and supercharging digital asset innovation with unstoppable force
You have not selected any currencies to display