Trump and Bitcoin: Will the easing of the crisis with China push the price towards $100,000?⚠️💯🚀
While the price of Bitcoin (BTC) maintains its stability above the $90,000 threshold, a new wave of optimism pervades the cryptocurrency market, unusually driven by political developments led by U.S. President Donald Trump. Amid the fluctuations and declines recently witnessed in the market, Trump surprised the markets by changing his tone regarding tariff policy on China, raising speculation that a potential settlement of the trade dispute could push the price of Bitcoin to $100,000. Click here for advertising services or press data for the crypto project.
Bitcoin rebounds as Trump backs down from tariff escalation towards China
Bitcoin surged past the $94,000 level in a single day, not due to ETF fund inflows as is usually the case, but due to waves of buying from Bitcoin whales, along with a sudden change in the tone of American policy.
After months of escalation and threats to impose additional tariffs, Trump appeared this week more inclined towards settlement, expressing a desire to de-escalate the trade dispute with China.
This rapid recovery that revived the stagnant cryptocurrency markets was led by Bitcoin, followed by alternative digital currencies with smaller market capitalizations.