#Bitcoin Shows Strength as US-China Trade Deal Talks Progress

#Bitcoin has been performing strongly, even as stock markets dropped in April due to new tariffs announced by Donald Trump. After falling to $75,000 early in the month, #Bitcoin bounced back by 27%, reaching around $95,000 by the end of April. While stock indexes like the S&P 500 and Nasdaq went down, #Bitcoin stayed strong—raising questions about whether it’s becoming a “safe-haven” asset during global uncertainty.

Some experts think countries might be using #Bitcoin to get around tariffs, which could explain its strength. If a trade deal between the US and China is finalized, this theory will be tested. So far, the White House has said that “substantial progress” has been made, but no deal has been confirmed yet.

If #Bitcoin continues to rise even after a deal is announced, it may mean that trade tensions don’t have much effect on how people use or value it. Some investors also believe that clearer trade policies and possible interest rate cuts could make Bitcoin even more attractive. Still, analysts warn that without a firm announcement, #Bitcoin’s recent rally could lose steam. The coming days may show whether Bitcoin now moves independently of global politics.

source: cointelegraph.com