Bitcoin surged as Trump confirmed a U.S.–China trade pact—marking a surprising twist for crypto bullishness.
Trade-Triggered Surge hit the crypto world today when former President Trump announced the U.S.–China trade deal is “done,” pending formal approval. Bitcoin responded with a sharp rally.
Bitcoin rose roughly 3.8%, climbing near $69,500 within hours of the announcement. Ethereum followed too, jumping more than 4% in tandem.
The agreement, reached after intense London negotiations, maintains a 55% tariff on Chinese imports but grants rare-earth mineral exports and eased access for Chinese students.
Markets showed muted stock reactions, but crypto surged—highlighting traders’ view of digital assets as a risk-on play. Bitcoin’s push toward $70K reflects revived market optimism.
Analysts warn caution: despite the buzz, lingering uncertainties and incomplete deal details could prompt volatility ahead.
