Bitcoin Rising Amid US-China Trade Deal
Date: 2025-05-12 Author: Oliver Abernathy Categories: CRYPTO PAYMENTS
China and the United States have reached a temporary compromise in the field of foreign trade: Beijing agreed to reduce tariffs on American goods from 125% to 10%, and Washington, in turn, reduced tariffs from 145% to 30%. The agreement will be in effect for the next 90 days. These steps have become key factors in the recovery of global markets and the revival of the cryptocurrency sector.
Amid this news, Bitcoin has strengthened significantly. Its price has exceeded the $105,000 mark for the first time since January 2025, recording a gain of 2%. As of the press time, BTC is trading at $105,253. This is a significant recovery from the recent drop below $80,000, caused by global instability and a sharp deterioration in trade relations between the two largest economies in the world.
Recall that trade tensions began several months ago when US President Donald Trump imposed tough tariffs on imports from China and other countries. These measures caused a chain reaction in the financial markets, negatively affecting the value of crypto assets, among other things. However, reaching an agreement between the states served as a signal for investors, which led to increased confidence and demand for digital assets.
Ethereum also demonstrated an impressive upward movement. Its rate increased by 4% and amounted to $ 2,592 - this is the highest figure since February of this year. Over the past week, ETH has added about 40% due to both the overall positive trend in the market and the release of an update called Pectra, which the community has been waiting for since early spring.
Thus, the current stabilization of international relations and positive news from the crypto space gave a powerful impetus to the growth of digital currencies. Market participants are optimistic about the future, hoping for further strengthening of both Bitcoin and other key assets.
