$BTC Bitcoin price surpasses $105,000 after good news from the US-China deal. The market is "holding its breath" waiting to see whether the "king of cryptocurrencies" can break the key barrier to conquer the $130,000 mark. Global financial markets, especially the cryptocurrency sector, have just received a big boost after the news that the US and China have reached a temporary agreement on trade. According to a joint statement after lengthy negotiations in Geneva (Switzerland), the world's two largest economies agreed to significantly reduce tariffs on each other's goods within 90 days. Specifically, the US pledged to lower import tariffs on Chinese goods from 145% to 30%. In response, China also reduced tariffs on US goods from 125% to 10%. This move is considered to cool down trade tensions, in the context of the global economy facing the risk of recession. In addition, the two sides also established a regular dialogue mechanism, co-chaired by Chinese Vice Premier He Lifeng, US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer.