BTC Price News: Retakes $110K as Trump Settles Metals Deal, Lowers China Tariffs

Bitcoin initially fell to $108,000 following a Federal Reserve meeting and a significant discussion between US President Donald Trump and Chinese counterpart Xi Jinping. However, after favorable outcomes from the meeting, Bitcoin rebounded back above $110,000. Trump announced a reduction in US tariffs on Chinese goods from 57% to 47%, hinting at a one-year agreement regarding trade, particularly concerning rare earth exports. Other cryptocurrencies like XRP and Dogecoin faced losses amid broader market declines. The Federal Reserve's shift to easier monetary policy, with a lower benchmark interest rate, is expected to benefit crypto markets by encouraging liquidity and risk appetite, while geopolitical factors will remain influential. A successful US-China trade deal could further enhance market confidence, potentially extending Bitcoin's rebound beyond $115,000. However, uncertainty looms over whether these optimistic conditions will persist as liquidity returns in the coming months.

Source 🔗