The US and China have agreed to postpone the imposition of reciprocal tariffs for 90 days.
US Treasury Secretary Scott Bessent stated in a press conference on Monday (May 12, 2025) that an agreement has been reached with China to postpone the tariffs. Along with that, the reciprocal tariff rates will also be reduced by up to 115%.
"We have reached an agreement to pause for 90 days and significantly lower the tariff rates. Both parties in the reciprocal tariffs will reduce their rates by 115%," said Bessent.
Furthermore, these negotiations aim to ease tensions from the trade war that has threatened global economic stability.
Although this agreement is temporary, this step provides hope for global economic stability and demonstrates both countries' commitment to seeking peaceful solutions to their trade disputes.
Crypto Market Welcomes Cheerfully
Whale wallets show renewed confidence in Bitcoin, signaling the potential for a price surge as retail traders exit the market.
According to the latest data from Material Indicators, large entities, defined as those placing orders between $100,000 to $10 million, have significantly increased their buying activity in the last 48 hours.
The cumulative volume delta (CVD) line for this group of whales has significantly increased since May 10, indicating strong accumulation at the current price level.
The surge in demand from these whales contrasts with a significant decline in order flow from small market players. Retail traders, particularly those placing orders under $10,000, seem to be taking profits or exiting positions, a pattern often seen before major movements from institutions.
Inflow into the Bitcoin Spot ETF has also been continuously observed in large amounts over the past few days.
Based on data from Farside Investors, there was an inflow of over $560 million in three days (May 7-9, 2025). Since its launch, the Bitcoin Spot ETF has shown inflows of over $40 billion.
Photo: Bitcoin Spot ETF Total Cumulative Flow (US$m)
Source: Farside Investors
Optimism towards Bitcoin is also reflected in Michael Saylor's actions, who announced the purchase of 13,390 Bitcoin (BTC) worth approximately $1.34 billion, at an average price of $99,856 per BTC.
With this latest acquisition, the total Bitcoin Strategy holdings reach 568,840 BTC, valued at over $59 billion based on a market price of about $104,000 per BTC. The average purchase price across the company is now at $69,287 per BTC.
This move demonstrates Strategy's ongoing commitment to Bitcoin as a long-term strategic asset, particularly amid growing institutional interest in cryptocurrencies.
Not only Bitcoin, other cryptocurrencies have also appreciated at least in the past week.
According to coinmarketcap.com, on May 13, 2025, at 07:50 WIB, Ethereum surged 36.19%, XRP soared 17.75%, BNB also strengthened 9.54%, Solana climbed 18.32%, and Dogecoin skyrocketed 33.33%.
