$BTC Bitcoin Surges Amid Trade War Truce

Bitcoin soared past $110,000, up 8% in 24 hours, as U.S.-China tariff cuts eased global economic fears. The 90-day truce, slashing U.S. duties to 30% and Chinese tariffs to 10%, boosted risk assets, with BTC leading the charge. Analysts tie the rally to renewed investor confidence and institutional inflows, fueled by Trump’s pro-crypto stance and speculation of a U.S. strategic reserve. On X, sentiment is bullish, though some warn of volatility if trade talks falter. Technicals suggest BTC could test $120,000 if momentum holds. Despite regulatory uncertainties, adoption grows, with El Salvador’s BTC bonds gaining traction. Investors eye upcoming U.S. inflation data for clues on sustained crypto gains.