💥Tariff truce between the US and China boosts global optimism, #bitcoin expectant
An unexpected trade truce between the United States and China has generated cautious optimism in global markets. Both countries have agreed to a significant tariff reduction for 90 days, with the US reducing tariffs from 145% to 30% and China from 125% to 10%.
This diplomatic move, driven by President Trump, who even hinted at a possible visit to China, seeks to ease trade tensions. Despite this, Bitcoin remains slightly down, hovering around $103,835.
However, the community is hopeful about this geopolitical stability and trade easing as catalysts for new investments in digital assets. If negotiations progress, Bitcoin could head toward its next resistance at $109,000. The relationship between macroeconomics and cryptocurrencies is becoming increasingly evident.