Bitcoin (BTC) Approaches New Record Highs After US-China Trade Deal
Jakarta, Pintu News – The price of Bitcoin experienced a significant spike after US President Donald Trump announced that a trade deal between the United States and China is almost finalized. The deal includes reduced tariffs on imports from both countries, which is expected to reduce global economic uncertainty.
In response, Bitcoin price surged close to its previous record high, recording a daily high of just under $110,300, before correcting slightly to $109,560 as of 1:04 PM UTC on Wednesday, according to data from TradingView.
US-China Trade Deal: How Will it Impact Bitcoin?
The trade deal announced by President Trump includes reducing tariffs on imports from the US to China to 55% and from China to the US to 10%. In addition, China agreed to supply rare earth minerals and magnets to the US for the next six months, while the US will provide easier access for Chinese students to pursue studies at US universities.
Although the deal is not yet finalized and is still awaiting approval from Chinese President Xi Jinping, the market responded positively with a surge in Bitcoin prices. According to Nexo analyst Iliya Kalchev, while this deal may ease tensions over rare earth mineral exports, concrete policy changes are still unclear. However, the positive impact on Bitcoin price suggests that the market sees this deal as a step towards global economic stability.
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Market Reaction: Bitcoin Approaches Record Highs
Following the announcement of the trade deal, Bitcoin price surged to near the previous record high, recorded in January 2025. This surge reflects market optimism towards global economic stability and the growth potential of digital assets. However, despite the price surge, some analysts remain cautious, as the deal is still awaiting final approval from both sides.
Nonetheless, some analysts see further upside potential for Bitcoin, with some price targets reaching $115,000, depending on developments in the US economy and monetary policy. However, market volatility remains a factor that investors need to be aware of.
Conclusion
The trade deal between the US and China could be a motivating factor for Bitcoin prices to reach new record highs. However, investors need to remain wary of potential volatility and further developments of this deal. Monitoring US monetary policy and the market’s response to this deal will be key in determining the direction of Bitcoin’s price movement going forward.
Also Read: 4 Best Crypto Investments of 2025 According to Analysts: BlockDAG, DOGE, TRON, and HYPE
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
Reference
- Cointelegraph. Bitcoin nears new high as Trump says US-China trade ‘deal is done’. Accessed June 12, 2025.
- Featured Image: Asia Times
