Bitcoin is closing in on a new high, buoyed by renewed optimism that the United States and China have reached a final agreement on their long-awaited trade deal.

The world’s largest trading economies have nearly completed their trade agreement, according to a Wednesday post on Truth Social by US President Donald Trump.

“Our deal with China is done, subject to final approval with President Xi and me,” Trump said. “We are getting a total of 55% tariffs, China is getting 10%. Relationship is excellent.”$BTC

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