#TrumpTaxCuts

Bitcoin reached nearly $94,000 after Donald Trump changed his rhetoric regarding the trade deal with China. The U.S. President promised to reach an agreement by lowering tariffs, which prompted a rise not only in the cryptocurrency market but also in stock indices. The increase in the value of bitcoin has become part of the overall market recovery, which added $120 billion to the cryptocurrency capitalization. The stock market also showed positive dynamics, gathering $1.5 trillion in capitalization. This indicates the optimism of investors who hope for stability and the resolution of trade disputes between the U.S. and China. The situation creates a favorable environment for recovery and further growth not only of bitcoin but also of other assets.