$BTC Good news for Bitcoin and all markets. Global markets are on edge as the U.S. and China reportedly reach a preliminary trade agreement after high-stakes negotiations in Geneva. While details remain undisclosed, officials signal a formal announcement is imminent. U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer reported “substantial progress” with Chinese Vice Premier He Lifeng, suggesting a de-escalation of trade tensions. The U.S. may cut tariffs on Chinese imports from 145% to 50–60%, while China may also lower its 125% retaliatory tariffs. This development is crucial food for the markets—and it will likely impact Bitcoin and the broader crypto landscape as well.