Bitcoin is approaching a new all-time high amidst renewed optimism regarding the US-China trade agreement. On June 11, President Donald Trump announced via Truth Social that the deal is done, pending final approval, with the US imposing 55% tariffs and China only 10%. This potential resolution of trade disputes has sparked optimism among investors. Bitcoin’s price peaked just below $110,300 before settling at $109,560, according to recent data. Despite the positive sentiments from the deal announcement, analysts noted the ongoing uncertainty surrounding other tariff negotiations. Chinese Vice Commerce Minister Li Chenggang emphasized that both nations reached a preliminary agreement to address trade disputes through cooperation. The developments may ease tensions that have previously affected Bitcoin and traditional equities, which faced volatility earlier in 2025 due to Trump's comments on tariffs. The cryptocurrency market had seen significant fluctuations, including a drop to $74,434 in early April following the announcement of new tariffs, which were perceived as a major risk to the financial markets.

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