Why can Slash pay the US -Chinese tariff for 90 days the price of bitcoin above $ 110,000
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Bitcoin price, encryption market and entire securities work at the mercy of the tariff wars that have been ignited US President Donald Trump After the constitutional oath. The initial wave of customs tariffs caused countries like China in huge accidents across the financial markets, which led to a decrease in bitcoin to less than 80,000 dollars. However, the wars of tariffs close to their end with the latest advertisement from the White House regarding trade between the United States and China.
The White House announces the reduction of Chinese definitions
In April 2025, US President Donald Trump announced a radical increase in the customs tariff for Chinese goods by 145 %, as more than 180 countries witnessed an increase in customs tariffs. This sparked a wave of panic and revenge, which led to what is now known as “tariff wars”. With the progress of the discussions, another announcement in April revealed a 90 -day stand on the customs tariff for other countries, except for China.
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While China has not yet exempt, it was to stop for 90 days a positive impact on the market while recovering the bitcoin price, Take the encryption market with it. Since then, the price of bitcoin has since has recovered more than $ 100,000, as well as the stock market to see multiple green days.
Since then, trade talks have been continuing between China and the United States and there has been a stop in its place. in statement On the White House website, it was announced that both the Chinese government and the United States at the US -Chinese economic and commercial meeting in Geneva have agreed to amend their requests and implement the suspension of 24 percentage points of customs tariffs.
This agreement is expected to be present for a preliminary period of 90 days, giving both parties time for more discussions towards the decision. The statement read that this was done in “the spirit of mutual opening, continuous communication, cooperation, and mutual respect.”
Why can bitcoin explode?
Currently, the bitcoin price is collected Driving with positive news surrounding definitions. Therefore, the positive news is expected to continue to increase the price. The agreement between the United States and China stipulates that both countries should implement the reduction of the customs tariff by May 14, 2025. With only one day, this deadline can lead to another crowd.
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When the comment news begins to conduct tours, it does not indicate any negative news related to the definitions for the next three months at least. This gives time and most importantly, confidence in the origins of risk like bitcoin for investors looking for gains. With investors returning to the risk market, Bitcoin price can cross at a speed of $ 110,000 early on Wednesday.
Distinctive image from Dall.e, Chart from TradingView.com
