Bitcoin Price Surges: Trump Claims US-China Trade Deal ‘Done’
Bitcoin is once again making headlines, closing in on a new high. This upward movement is significantly influenced by recent positive developments surrounding the US China trade deal. Investors are watching closely as the world’s two largest economies appear to finalize an agreement that could ease global economic uncertainty.
Bitcoin Price Reacts to Trade Optimism
The Bitcoin price saw a notable increase following comments from Donald Trump, who stated on Truth Social that the trade agreement with China was nearing completion. Trump claimed, “Our deal with China is done, subject to final approval with President Xi and me.” He also mentioned tariff percentages, indicating 55% for the US and 10% for China, describing the relationship as “excellent.”
TradingView data showed Bitcoin peaking at a 24-hour high near $110,300 before a slight retracement. While the news is generally seen as positive, market reactions were nuanced. Nexo dispatch analyst Iliya Kalchev noted that despite the apparent de-escalation of tensions, particularly regarding rare earth exports, concrete policy shifts are still needed. Wall Street futures saw a minor decline after the news, suggesting some market caution.
Expert Insights on the Cryptocurrency Market Impact
Experts are weighing in on what this means for the cryptocurrency market. Raoul Pal, founder of Global Macro Investor, suggested that much of the remaining tariff negotiation rhetoric might be strategic posturing. He believes the core agreement is largely settled.
Further reinforcing the positive sentiment, China’s Vice Commerce Minister, Li Chenggang, confirmed that both sides reached an in-principle agreement during recent London talks to resolve trade disputes through cooperation. These developments offer potential relief for investors, as Trump’s reciprocal trade tariffs were previously identified as a major macroeconomic risk to traditional markets and cryptocurrencies.
Historical Context: Tariffs and Economic Uncertainty
The impact of trade tensions on the market is well-documented. Earlier in 2025, Bitcoin briefly dropped significantly after Trump announced reciprocal import tariffs. This move also coincided with a substantial loss in value for the S&P 500.
The tariff-related economic uncertainty also affected venture capital appetite in the crypto space. Crypto VC deals saw a decline, hitting a monthly low attributed to market prices and sentiment deterioration linked to trade rhetoric, according to Aurelie Barthere of Nansen.
In summary, the prospect of a finalized US-China trade deal, as indicated by Donald Trump‘s statements, is providing a significant boost to the Bitcoin price. While some analysts remain cautious, the potential reduction in global economic uncertainty is viewed positively by the cryptocurrency market, reversing some of the negative sentiment previously caused by trade tensions. The coming days will show if this optimism translates into a sustained rally for Bitcoin.
