Trump’s trade wars with China sent shockwaves through the financial world, including a major Bitcoin price drop below $80,000. But things are looking up.
A Trade War Truce?
Initially, huge tariff hikes on Chinese goods (and many other countries) caused a market panic. However, a recent White House announcement signals a potential turning point. Both the US and China agreed to temporarily slash tariffs by 24 percentage points for 90 days. This “pause” is intended to give both sides more time to negotiate a lasting trade agreement. The official statement emphasized mutual cooperation and respect.
Bitcoin’s Price Reaction
The positive news surrounding the tariff reduction has already boosted Bitcoin’s price, pushing it back above $100,000. This renewed investor confidence in riskier assets like Bitcoin is a key factor.
The $110,000 Prediction
The 90-day tariff reduction deadline is almost here (May 14th). The expectation is that this will trigger another surge in Bitcoin’s price. With investors feeling more optimistic, a quick jump to $110,000 or more is a real possibility. The three-month reprieve from negative trade news provides a window of opportunity for substantial gains.
