🚨 TRUMP EXTENDS CHINA TARIFF DEADLINE, BITCOIN SPIKES TO $119K
🇺🇸 President Trump has signed an executive order delaying tariffs on Chinese goods by 90 days, per CNBC. The original deadline was set to expire on August 12.
📈 In response, $BTC surged to $119,800, approaching its ATH of $123K, before pulling back to around $119,000.
⚠️ Point to a CME gap below $119K, which may need to be filled before any sustained rally.
🔎 Key upcoming catalysts:
📅 Aug 12 – CPI data
📅 Aug 13 – PPI data
Markets currently price in an 86.4% chance of a Fed rate cut at the September FOMC meeting.
