BTC Price Spikes to $119,700 — What’s the Impact of US-China Tariff Talks?

Jakarta, Pintu News – Bitcoin (BTC) experienced a significant price increase, reaching $119,700 some time ago, as tariff talks between the United States and China continued. This increase occurred amid heightened market expectations due to the possibility of a 90-day extension of the tariff truce.

Check out the full information in this article!

US-China Tariff Talks and its Impact on Bitcoin

Talks held in Stockholm between US and Chinese delegations have brought a breath of fresh air to global financial markets. The two countries reportedly agreed to stop adding new tariffs for the next 90 days.

This agreement is expected to reduce the tensions that have been affecting global markets, including the cryptocurrency market. This optimism not only boosts the Bitcoin (BTC) exchange rate but also gives room for other risky assets to grow.

According to data from CoinMarketCap, Bitcoin (BTC) is now trading at $119,326, with daily trading volume increasing by 17% to $56 billion. This shows that the current market sentiment is very positive towards Bitcoin (BTC).

Also read: FED Rate Cut Potentially Trigger Crypto Price Spike? Here Are the Details!

Market Reaction and Increased Trading Volume

The rise in Bitcoin (BTC) price was also driven by a statement from MicroStrategy which gave a buy signal for Bitcoin (BTC) earlier in the week. This sparked even more interest from financial institutions.

In addition, the Bitcoin (BTC) hash rate also reached a new record of 932 EH/s, with the difficulty level standing at 127.62T. Other cryptocurrency markets also performed impressively. Ethereum (ETH) managed to break $3,825, while the Ethereum (ETH) futures contract on the CME reached a record high with an open interest value of $7.85 billion.

Binance Coin (BNB) also recorded a new record high price of $825. The total crypto market capitalization is now approaching $3.94 trillion, a figure that is close to the $4 trillion milestone.

Read also: SharpLink Invests $295 Million to Buy 77,210 Ethereum (ETH)

Future Prospects for Bitcoin and Cryptocurrencies

With the extended rate truce and increased institutional interest, the outlook for Bitcoin (BTC) and other cryptocurrencies looks very bright. Market analysts predict that if this trend continues, Bitcoin (BTC) could reach or even surpass its previous record high of $123,091.

In addition, improved infrastructure and wider adoption of cryptocurrencies by the general public as well as large corporations will continue to support the growth in the value of cryptocurrencies. This shows that cryptocurrencies are not just a means of speculation, but also an important part of the future global financial system.

Conclusion

This significant increase in the price of Bitcoin (BTC) shows how important geopolitical dynamics are in influencing financial markets, including cryptocurrency markets. With continued tariff talks and increased interest from institutional investors, the future of Bitcoin (BTC) and other cryptocurrencies looks very promising.

That’s the latest information about crypto. Follow us on Google News to get the latest information about the world of crypto and blockchain technology. Check today‘ s bitcoin price, today‘ s solana price, pepe coin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto Times. Bitcoin Jumps to $119,700 as US-China Tariff Talks Resume. Accessed on July 29, 2025
• Featured Image: Generated by AI