US China Trade Deal Lifts Bitcoin Price to Record $104K

US China Trade Agreement Sparks Bitcoin Surge Near ATH Mark

Geneva, boosting global markets and propelling the price of Bitcoin to a record-breaking figure above $104,000. The agreement, which will lower the long-running U.S. trade deficit, is being touted as a turning point by officials on both sides.

Major Progress in Geneva Talks

The discussion took place at the Swiss ambassador’s residence in Geneva. Leading United States. and Chinese officials, including U.S. Treasury Secretary Scott Bessent and Jamieson Greer, who is the Representative, led the panel. As per Bessent, the talks were “productive” and made significant progress. 

Greer confirmed a deal was reached, saying, “This is a deal we struck with our Chinese partners.” He pointed out that both countries worked fast and found common ground quicker than expected.

Source: X (Twitter)

Though the full agreement details are not yet public, they are set to be released on Monday. The key focus is reducing tariffs and rebalancing trade between the two nations. President Trump, who had earlier raised tariffs on Chinese goods to 145% tariff, is said to have approved the final terms of the agreement.

Tariff Reductions Coming Soon?

The U.S. and China have been engaged in a rough trade battle, with each side charging high tariffs. Those tariffs hit more than $600 billion in products. Now, officials indicate that reducing those tariffs is included in the new agreement.

White House adviser Kevin Hassett said China was “very, very eager” to fix the business relationship. He also noted that more deals are in the pipeline, with Commerce Secretary Howard Lutnick and others working on about two dozen new agreements.

Bitcoin Price Explodes After Deal

News of the deal immediately sent shockwaves through the crypto market. Bitcoin’s price jumped over $104,000, nearing its all-time high of $109,114 set back in January. At the reporting time, BTC was trading at $104,066, just 4% below that peak. 

The market reaction shows investor confidence is rising. Many believe easing global tensions makes digital assets like BTC more attractive. 

This isn’t the first time Bitcoin reacted to global commerce news. Just last week, the announcement of a U.S.-UK trade deal pushed BTC from $96,000 to $103,000 in less than 48 hours.

What Comes Next?

While with the U.S. hinting at more business agreements, the experts are saying that Bitcoin and other cryptocurrencies will keep rising as economic relations among countries become more robust, in turn, uplifting confidence in riskier assets like crypto.

President Trump referred to the Geneva negotiations as a "total reset" in a Truth Social post, and he tagged on "GREAT PROGRESS MADE!!!" Additional information regarding the deal with China will become public Monday. 

The U.S.-China trade deal has eased global tension and increased Bitcoin prices. If more deals come in, BTC may hit a new all-time high soon.