$BTC Falls Below $102K After U.S./China Trade Truce

Price Action:

$BTC dropped below $102,000 after briefly nearing $106,000 earlier in the day.

Background:

The dip follows a strong rally since mid-April, when $BTC rebounded from under $75,000 after the Liberation Day tariff shock.

Trade Truce Impact:

A temporary U.S.-China 90-day tariff suspension caused the pullback.

This aligns with the classic market behavior: Buy the rumor, sell the news.

Analyst Take:

BTC outperformed equities recently due to insulation from tariff risks.

With tariffs easing, risk assets like stocks and altcoins may catch up.

– Aurelie Barthere, Nansen

Market Context:

Despite BTC's 3% dip (to $101,300), U.S. stocks surged:

Nasdaq: +3.9%

S&P 500: +3.1%

Macro Outlook:

Lower tariffs = less inflation, better liquidity.

Bullish for crypto in the short term.

But watch for renewed volatility as the 90-day window ends.