#US China Trade US China Agree to Cut Trade Deficit; Bitcoin Price Surges Past $104k

Bitcoin price hits $104K as US China trade talks talks end in Geneva with tariff deal to reduce trade deficit, details expected Monday.

The United States and China have reached an agreement to address the trade deficit after two days of talks in Geneva, Switzerland. The discussions, which involved senior officials from both countries, were described by U.S. Treasury Secretary Scott Bessent as productive, with “substantial progress” made.

Following the announcement Bitcoin price reclaimed the $104,000 resistance and Ethereum price recovered its lost ground from the $2500 high it hit recently.