#TradeWarEases #TradeWarEases

Bitcoin recorded new highs and traded at US$105,000 after the governments of the U.S. and China announced an agreement to reduce most of their recent tariffs and declare a 90-day truce in their trade war to continue discussing the resolution of their trade disputes.

Other cryptocurrencies experienced slight increases in the last 24 hours: XRP (4.79%), BNB (3.6%), and Ethereum (0.2%).

In a press conference in Geneva, U.S. Trade Representative Jamieson Greer indicated that the country agreed to reduce its tariff rate of 145% on Chinese products by 115 percentage points, bringing it down to 30%, while China agreed to lower its rate on U.S. products similarly, to 10%.

"The consensus of both delegations this weekend is that neither party wants decoupling. And what had happened with these very high tariffs (...) was an embargo, the equivalent of an embargo. And neither party wants that. We want trade. We want more balanced trade. And I believe both parties are committed to achieving that," added Treasury Secretary Scott Bessent.

Last week, Bitcoin surpassed the US$100,000 barrier after a new agreement between the U.S. and the United Kingdom was announced to reduce the burden of tariffs. This was the first bilateral trade agreement since Trump imposed a heavy tariff policy on countries around the world.

In concrete numbers, the Republican leader ordered a 10% levy on British imports, in addition to tariffs of 25% on automobiles, steel, and aluminum.

The future of Bitcoin will depend on several factors, such as the continuity of institutional flow and monetary policy in the U.S. Bitcoin is no longer just a speculative bet, but an asset that attracts states, funds, and large investors, even amidst volatility, occupying an increasingly stable place in the new digital and global economy.