{"id":858123,"date":"2025-06-26T01:13:02","date_gmt":"2025-06-26T06:13:02","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/26\/china-confirms-us-tariff-suspension-bitcoin-nears-ath-with-huge-green-candle-to-105k\/"},"modified":"2025-06-26T01:13:02","modified_gmt":"2025-06-26T06:13:02","slug":"china-confirms-us-tariff-suspension-bitcoin-nears-ath-with-huge-green-candle-to-105k","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/26\/china-confirms-us-tariff-suspension-bitcoin-nears-ath-with-huge-green-candle-to-105k\/","title":{"rendered":"China confirms US tariff suspension, Bitcoin nears ATH with huge green candle to $105k"},"content":{"rendered":"

Bitcoins <\/p>\n

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\"bitcoins China confirms US tariff suspension, Bitcoin nears ATH with huge green candle to $105k<\/span> Liam ‘Akiba’ Wright \u00b7<\/span> 1 month ago<\/span> \u00b7 2 min read<\/span> <\/span> <\/span> <\/span> <\/span><\/p>\n

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Gold drops while Bitcoin boasts gains, reflecting shifting investor risk appetites.<\/p>\n

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2 min read<\/span><\/p>\n

Updated:<\/span> May. 12, 2025 at 9:57 am UTC<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n

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\"bitcoins <\/a><\/p>\n<\/div>\n

Bitcoin<\/a> opened the week with a strong hourly move, climbing 1.7% to reach $105,705 in early Monday trading.<\/p>\n

The surge brought the asset to its highest level since January\u2019s all-time high of $109,356, adding fresh momentum following a month of sideways movement.<\/p>\n

The one-hour candle, printed between 07:00 and 08:00 UTC, carried Bitcoin from approximately $103,200 to just under $106,000, putting it within 4% of price discovery levels. However, it has retraced slightly to $104,700 as of press time.<\/p>\n

The rally comes as the BBC is now reporting<\/a> confirmation of progress in US-China trade negotiations, with Scott Bessent declaring a 90-day pause, stating,<\/p>\n

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\u201cAfter \u201crobust\u201d discussions, the US and China have agreed a 90-day pause on \u201creciprocal\u201d tariffs, meaning both sides will reduce their tariffs by 115%.\u201d<\/p>\n<\/blockquote>\n

The move also coincided with a risk-on environment in broader markets. Spot gold fell 1.4% on the session, retreating to $3,278 per ounce as optimism surrounding US-China trade talks weighed on safe-haven demand.<\/p>\n

Meanwhile, WTI crude futures climbed 1.5%, extending a multi-day rally. Bitcoin\u2019s price action mirrored this macro rotation, tracking higher alongside oil and equities while decoupling from gold.<\/p>\n

\"bitcoins
Bitcoin correlation with global assets (Source: TradingView)<\/figcaption><\/figure>\n

This pattern has emerged during periods of reduced risk aversion, suggesting traders are reclassifying Bitcoin as a beta-macro asset rather than a defensive hedge.<\/p>\n

Flows into Bitcoin spot exchange-traded funds also remain a key driver. According to data compiled by Farside Investors<\/a>, cumulative inflows across US-listed spot Bitcoin ETFs crossed $41 billion, with $321 million of inflows on Friday.<\/p>\n

The products are absorbing BTC at rates six times higher than the current mining issuance. These inflows reinforce upward price pressure, particularly during low-liquidity periods when order book depth is limited.<\/p>\n

Price action around the $106,000 level could prove decisive, with bids stacked slightly below and limit sells beginning to populate overhead.<\/p>\n

The broader context reflects the improved macro sentiment. The BBC reported that China has now confirmed<\/a> \u201csuspension of tariff countermeasures,\u201d helping calm investor concerns over tariffs and global demand.<\/p>\n

As a result, the US dollar has traded relatively flat, with yields hovering near recent lows. This environment supports risk assets and has historically favored crypto price appreciation.<\/p>\n

The move also follows Bitcoin\u2019s rebound above $100,000 last week, when renewed inflows and improving sentiment erased April\u2019s tariff-driven drawdown. Traders are now watching for sustained momentum as the asset approaches previous highs.<\/p>\n

While the $105,000 level has psychological weight, it remains a technical midpoint between resistance at $106,400 and support near $102,400.<\/p>\n

Monday\u2019s activity places Bitcoin back near the upper boundary of its 2025 range. Whether flows and macro conditions can support a sustained move beyond the January high will likely depend on upcoming catalysts, including Tuesday\u2019s US CPI report and Federal Reserve commentary.<\/p>\n

For now, Bitcoin\u2019s return to $105,000 reaffirms its position at the forefront of risk appetite in global markets.<\/p>\n

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Liam ‘Akiba’ Wright Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

China confirms US tariff suspension, Bitcoin nears ATH with huge green candle to $105k Liam ‘Akiba’ Wright \u00b7 1 month ago \u00b7 2 min read Gold drops while Bitcoin boasts gains, reflecting shifting investor risk appetites. 2 min read Updated: May. 12, 2025 at 9:57 am UTC Cover art\/illustration via CryptoSlate. Image includes combined content<\/p>\n","protected":false},"author":1,"featured_media":858124,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1827,2548],"tags":[11476],"class_list":{"0":"post-858123","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-china","8":"category-confirms","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/858123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=858123"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/858123\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/858124"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=858123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=858123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=858123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}