Bitcoin is back in the spotlight. Over the weekend, former U.S. President Donald Trump said he had a “very good meeting” with China in Switzerland. The topic? Trade talks. Trump’s tone was surprisingly positive. He mentioned progress and hinted at reducing tariffs.
This news moved markets. Bitcoin (BTC) surged past $104,000, coming close to its all-time high. Traders and analysts saw this as a sign of reduced global tension. Bitcoin thrives in moments like these—when traditional markets feel less risky, and institutions look for alternative bets.
Bitcoin Momentum Builds on ETF and BlackRock Moves
While Trump’s trade comments grabbed headlines, another force pushed Bitcoin higher: BlackRock. The world’s biggest asset manager is in talks with the SEC. They’re discussing how to bring staking and options into crypto ETFs. This is huge.
A staking-enabled ETF would mean investors earn passive income from holding BTC. An options-based ETF would allow more advanced trading strategies. Both could bring more institutional money into the space.
Bitcoin’s price stayed above $103,000, showing strength. Volume is up, and momentum indicators remain bullish. The next breakout level? $105,000. From there, $120,000 isn’t out of reach if the bullish trends continue.
Trade Talks Give Markets a Boost—But Tariffs Still Loom
Despite the positive tone from Trump, the U.S.-China trade situation is far from resolved. The meetings in Switzerland are ongoing. Talks lasted over 10 hours on Saturday and will continue Sunday. No official deal has been announced.
Right now, the U.S. has slapped China with tariffs as high as 145%. China has responded with its own 125% levies. That’s economic warfare. A reduction in these tariffs would calm global markets—and benefit crypto.
But there’s doubt. Experts say even small tariff cuts would help, but they aren’t guaranteed. Trump has used tariffs as a weapon before, especially against China. The outcome of these talks could sway Bitcoin’s direction in the short term.
Bitcoin Eyes New All-Time High Amid Macro Optimism
Bitcoin’s rise isn’t just about Trump or BlackRock. A series of positive global headlines fueled the weekend rally. Trump also announced a ceasefire between India and Pakistan. Meanwhile, Russian President Putin signaled openness to Ukraine peace talks.
In this climate, Bitcoin soared near $105,000. Traders expect a move toward $112,000 or even $120,000. Technical indicators like RSI show strong buying pressure. Volume remains steady, showing confidence.
This isn’t just hype. Institutions are watching closely. ETF flows, especially for spot Bitcoin products, could be the next big wave. If the current macro mood holds, a new Bitcoin all-time high is within reach.
Bitcoin Price Rally: Will It Hold or Pull Back?
There’s no guarantee Bitcoin hits $120,000. Some analysts warn of resistance near $105,000. If BTC fails to break that level with volume, it could fall back to $95,000. Still, the trend is bullish for now.
Trump’s positive tone on China trade talks, combined with BlackRock’s staking ETF plans, has given the market hope. Bitcoin thrives on momentum, and right now, it’s got plenty. But traders should stay alert. Politics, policy shifts, and ETF rulings could flip the script quickly.
For now, though, Bitcoin rides high—powered by Trump, trade talk, tariffs, and institutional dreams.
