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📈 Potential Bullish Momentum for Bitcoin if the US and China Reach a Trade Deal
The trade negotiations between the United States and China, currently underway in Geneva, could have a significant impact on the cryptocurrency market. Historically, tariff tensions between these two powers have generated volatility in risk assets like Bitcoin. For example, in February 2025, the imposition of new tariffs by China led to a drop in Bitcoin below $100,000.
If both nations reach an agreement that reduces trade tensions, we will likely see an increase in investor confidence, which could translate into bullish momentum for Bitcoin and other cryptocurrencies. Bitcoin is currently trading around $BTC 103,000, and a more stable economic environment could favor its appreciation.