$BTC Impact on Bitcoin Price.

The price of BTC has shown notable sensitivity to trade negotiations between the U.S. and China, reflecting its ambiguous role as a risk asset and safe haven. During the peak of the trade war in April 2025, BTC outperformed traditional markets, recovering from $75,000 to $95,000, while indices like the S&P 500 fell.

Following the announcement of the trade truce on May 12, Bitcoin reached $105,720, but then pulled back to $102,000, puzzling analysts. Some, like Daan Crypto, suggest that if Bitcoin maintains its strength despite tariff reductions, trade fears may not be its primary driver. Others, like Jeff Mei from BTSE, argue that the global stability resulting from the agreement could channel capital into alternative assets like BTC.

However, the high correlation with the stock market (83%) and the strength of the dollar limit its momentum. Inflows of $2 billion into Bitcoin ETFs between May 1 and 9 reflect growing institutional interest, suggesting that BTC may benefit more from macroeconomic stability than from trade uncertainty.