#US Extends Trump Tariff Pause on Chinese Goods; Crypto Market To Rally?

U.S. extends China trump tariffs pause to Aug 31 causing Bitcoin price to jump past $105K as markets eye trade talks ahead of July 8 deadline.

Highlights

Bitcoin jumped from $103K to $105K after Trump extended tariff pause to August 31.

Last 90-day pause in April saw Bitcoin surge from $74.5K to over $111K.

Ethereum is up 2.67% to $2,606.89 following the latest tariff delay news.

The U.S. government has extended its pause on some tariffs imposed on Chinese goods until August 31, 2025. This move comes during ongoing trade negotiations between the Donald Trump administration and several key global trading partners.

The decision has drawn attention from both traditional financial sectors and cryptocurrency markets, as the delay is expected to influence global market sentiment and investor behavior.