$BTC The Bitcoin bull run has been refueled; China and the US have reached an agreement

The "tariff war" is entering a new phase marked by negotiations and the search for alliances.

The price of Bitcoin (BTC) has been hovering near its all-time high for five days, but without breaking it. Now, with the engines running and the macroeconomic winds in its favor, it can be assumed that the next major bullish rally is about to begin.

This Monday, May 12, global markets received one of the most anticipated news of the year: the United States and China reached an agreement to reduce tariffs and suspend a large portion of their reciprocal tariffs for 90 days.

This is an immediate relief in a trade war that had been escalating rapidly, and which had affected not only bilateral relations between the two powers, but also global trade, commodity prices, and risk appetite in financial markets.

The effects of this agreement were not long in coming. Futures for major US stock indices—such as the S&P 500, the Dow Jones, and the Nasdaq—were higher at the opening of the day. The dollar strengthened against other currencies, and the Chinese yuan reached its highest level in six months. Even the shares of shipping companies such as Maersk and Hapag-Lloyd climbed more than 10%, anticipating a return to normal international trade.

This favorable context was also felt in the Bitcoin and cryptocurrency ecosystem, where the enthusiasm became almost palpable. BTC is trading at around $104,000 at the time of writing, just approximately $5,000 away from its all-time high near $110,000. The market is clearly in bullish mode.

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