#TradeWarEases The bitcoin bull run has been fueled; China and the U.S. reached an agreement

The "tariff war" enters a new stage marked by negotiations and the search for alliances Bitcoin is approximately $5,000 away from marking a new all-time high.

The market already has the fuel it needs to start a new bullish rally.

The price of bitcoin (BTC) has been hovering near its all-time high for 5 days, but has yet to break it. Now, with engines revving and the macroeconomic wind at its back, it can be assumed that the next big 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 good portion of reciprocal fees for 90 days.

This is an immediate relief in a trade war that had been escalating rapidly, affecting 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 felt immediately. Futures for major U.S. stock indices—such as the S&P 500, Dow Jones, and Nasdaq—rose 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 like Maersk and Hapag-Lloyd climbed more than 10%, anticipating a normalization of international trade.

This favorable context was also felt in the bitcoin and cryptocurrency ecosystem, where enthusiasm became almost palpable. BTC is trading at the moment of writing this note around $105,000, just about $5,000 away from its all-time high close to $110,000. The market is clearly in optimistic mode.