Joint statement between the United States and China: The United States will suspend the 24% tax for 90 days: RTRS affects BTC

📈 Bitcoin's reaction after the trade agreement

Right after the information about the trade agreement was announced, the price of Bitcoin surged, exceeding the $104,000 mark and approaching the all-time high of $109,000. This increase was driven by investor optimism regarding the prospect of reduced trade tensions and expectations for a more stable economic environment. CoinGape

Additionally, other factors such as capital flows into Bitcoin ETF funds and expectations for the April CPI index to drop to 2.3% also contributed to supporting BTC's upward trend. Binance

🧠 Analytical perspective: Is Bitcoin a safe haven asset or a speculative tool?

Some analysts suggest that Bitcoin's positive reaction to the trade agreement indicates that BTC is being viewed as a safe haven asset amid economic uncertainty. However, other opinions argue that if trade uncertainty is the driving force behind BTC's rise, then reaching an agreement should cause BTC to decrease in value. Therefore, if BTC continues to rise after the agreement, this may indicate that other factors are influencing the market.

🔍 Summary of the impact

Strong price increase: BTC exceeded $104,000, nearing the all-time high.

Positive market sentiment: The Fear & Greed Index reached 70, indicating investor optimism.

Supporting factors: Expectations of reduced inflation and capital flows into Bitcoin ETFs continue to support the upward trend.