Bitcoin (BTC) advances and maintains a level above $104,000 with the easing of the trade war between China and the United States. Among the largest cryptocurrencies in the world, sentiment is also positive, with price jumps of over 4%.
In the traditional market, Wall Street futures and European stocks are also rising, following the positive close of Asian markets.
The week began with the joint announcement of a trade agreement between the United States and China, which established a 90-day truce in the trade war between the countries.
Thus, there was a reduction in U.S. tariffs to 10%, maintaining a 20% tariff related to the alleged flow of fentanyl coming from China. The Asian country also lowered tariffs on American imports to 10%.
This truce partially reverses the escalation of the trade war, which had resulted in significant tariff increases (145% by the U.S. and 125% by China) and impacted global trade. It is expected that the easing of rates will contribute to the recovery of long-term losses.
