A tentative calm settled over global markets on Monday as Washington and Beijing agreed to push their tariff truce out by another 90 days. The news was a welcome relief, at least in the crypto front, as Bitcoin traders set their sights on the next target: $120,000
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Talks resume in Stockholm, with both sides saying they won’t slap on new duties during that window. It’s a relief for companies reeling from duties on more than $700 billion in goods since 2018.
Third Round Talks Underway
According to reports, negotiators will build on meetings in Geneva and London. They plan to tackle old fights over tech rules, digital services and forced transfers of know‑how.
Business leaders have already paused major moves, waiting to see if the break holds. A fresh round of face‑to‑face diplomacy seems meant to avoid sudden shocks to farms, factories and supply chains.
Early signals from Beijing suggest a willingness to talk, even as economic growth slows at home. In the last trade round, tariffs jumped to highs of 25% on key items like semiconductors and soybeans.
Now both sides seem to be testing whether a temporary stop can become a stepping stone to deeper fixes.
China Raises Fentanyl Tariff Issue
A new wrinkle in the discussions involves fentanyl‑related chemicals. Based on reports, China wants US President Donald Trump’s administration to lift duties on certain precursors used in opioid production.
Beijing argues that those taxes are making it harder to track illegal shipments, even as overdose deaths surge in the US.
American officials have blamed Chinese suppliers for feeding a crisis that kills tens of thousands each year. In retaliation, Washington hit chemical imports with extra levies.
Now China is pushing for a shift toward sharing lab data and law‑enforcement tips instead of sticking with punitive charges. Washington faces a tricky choice.
Domestic pressure is intense, with voters demanding tough action on both drugs and trade ahead of a high‑stakes election.
Bitcoin Up As Businesses And Markets On Edge
Markets reacted quietly at first. Stocks held near flat lines, while traders eyed the pause as a temporary balm.
Cryptocurrencies, however, showed more drama. Bitcoin jumped to $119,380—up 2% over 24 hours—even though daily volumes fell by 8.7% to $50 billion.
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At current levels, Bitcoin sits just 2.88% below its July 13 peak of $123,102. Network data also hit a record hashrate of 932 EH/s, with difficulty at 127.62 trillion.
Analysts caution against reading too much into a single headline. Low volume can fuel sharp swings, and crypto markets often move on a mix of factors from ETF flows to miner activity.
Featured image from Getty Images, chart from TradingView
Bitcoin is undergoing an unlikely Sunday Pump amid low trading volumes, hurtling toward the $120,000 mark. The surge comes amid reports of an imminent 90-day tariff truce between the US and China. Bitcoin Spikes To $119,000 As Global Crypto Market Cap Nears $4 Trillion CoinMarketCap data reveals that the Bitcoin price is in the green
The post Bitcoin Jumps Amid Reports Of 90-Day US-China Tariff Truce appeared first on CoinGape.
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The Bitcoin price and the entire crypto and stock market have been operating at the mercy of the tariff wars ignited by US President Donald Trump after being sworn into office. The initial wave of tariff increases on countries such as China triggered massive crashes across financial markets, plunging the Bitcoin price below $80,000. However, the tariff wars are nearing their end with the latest announcement from the White House regarding trade between the United States and China.
White House Announces Reduction Of China Tariffs
In April 2025, US President Donald Trump had announced a drastic increase of tariffs on Chinese goods to a high 145%, with over 180 countries also seeing tariff increases. This triggered a wave of panic and retaliation, triggering what is now known as the ‘tariff wars.’ As discussions progressed, another announcement in April revealed a 90-day pause on tariffs for other countries, with the exception of China.
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While China was yet to exempt, the 90-day pause did have a positive effect on the market as the Bitcoin price recovered, taking the crypto market up with it. Since then, the Bitcoin price has since recovered above $100,000, as well as the stock market seeing multiple green days.
Trade talks have since been ongoing between China and the United States and there has been a stopgap put in place for now. In a statement on the White House website, it was announced that both the Chinese and United States government at the US-China Economic and Trade Meeting in Geneva had agreed to modify their respective applications and implement a suspension of 24 percentage points of tariffs.
This agreement is expected to be in place for an initial period of 90 days, giving both parties time for more discussions toward a resolution. The statement read that this was done in “the spirit of mutual opening, continued communication, cooperation, and mutual respect.”
Why The Bitcoin Price Could Explode
Currently, the rally of the Bitcoin price is being driven by the positive news surrounding the tariffs. So, it is expected that more positive news will continue to drive up the price. The agreement between the US and China states that both countries should have implemented the tariff reduction by May 14, 2025. With only a day left, this deadline could trigger another rally.
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As the news of the suspension begins to make the rounds, it signals no negative news coming out regarding tariffs for the next three months at least. This gives time and most importantly, confidence in risk assets such as Bitcoin for investors looking for gains. With the return of investors into the risk market, the Bitcoin price could quickly cross $110,000 as early as Wednesday.
Featured image from Dall.E, chart from TradingView.com
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Crypto and stock prices have surged in the past hour after US President Donald Trump announced a 90-day pause for tariffs on multiple nations, except China. Bitcoin (BTC), the flagship crypto, now eyes the $83,000 barrier after jumping 6.1% following the news.
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Trump Authorizes 90-Day Pause On Tariffs
In a Truth Social post, President Trump announced he was raising China tariffs to 125% “effect immediately” due to a “lack of respect” shown to the World’s markets. This move follows China’s recently announced reciprocal 84% tariff rate on US goods, starting April 10.
“Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately. At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A., and other Countries, is no longer sustainable or acceptable,” Trump explained.
In the Wednesday post, the US President also revealed he had authorized a “90 days PAUSE” for other countries, as 75 nations reached out to multiple US Representatives, including the Departments of Commerce, Treasury, and the US Trade Representative, to “negotiate a solution to the subjects being discussed relative to Trade, Trade Barriers, Tariffs, Currency Manipulation, and Non-Monetary Tariffs.”
Additionally, he authorized an immediate substantially lowered Reciprocal Tariff of 10% during the 90-day pause. In a second post, the President stated, “This is a great time to buy.”
Following the news, stock prices surged, with the S&P 500 (SPX) surging around 6% since the announcement. Meanwhile, the crypto market saw its total market capitalization jump around 5%, with assets like Bitcoin, Ethereum (ETH), XRP, and Solana (SOL) increasing 6%-12% in an hour.
Bitcoin Price Surges To $82,000
The flagship crypto climbed from the $76,000-$77,000 range to the $82,000, momentarily reclaiming this level for the first time since Sunday. Its 6% surge has sparked optimism among investors, who saw Bitcoin fall to a five-month low over the weekend.
BTC dropped nearly 10% between Sunday and Monday, fueled by the ongoing tariff war. Amid the correction, Bitcoin hit the $74,000 support zone for the first time since November.
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On Monday, BTC also saw a brief recovery of the $80,000 barrier after major media outlets reported the White House was considering a 90-day pause on tariffs. However, the cryptocurrency erased most gains after the news turned fake.
According to online reports, today’s surge triggered $75,000,000 worth of Bitcoin shorts being liquidated in the past 60 minutes.
As of this writing, Bitcoin trades at $82,444, a 4.1% decline in the weekly timeframe.
Featured Image from Unsplash.com, Chart from TradingView.com
The price of Bitcoin (BTC) has blasted past the resistance level at $80,000 after US President Donald Trump announced a 90-day pause on his reciprocal tariff measures. The price of the coin has faced series of rejection at this point following the trade war escalation with China.
BTC Price Soar on Reciprocal Tariff Pause
At the time of writing, the price of Bitcoin was changing hands for $81,318.29, up by more than 6.18% in the past 24 hours. This rebound followed an earlier tease in which President Trump asked to buy the dip in hopes, a statement that proved speculative earlier today.
Like Bitcoin, top altcoins are also in a rebound mode, with Ethereum (ETH) skyrocketing 9.2% to $1,589.81. XRP rallied past the $2 resistance point after gaining 13.26% in 24 hours. Cardano, Solana, and Dogecoin have also staged impressive rebounds as of writing with gains of 10.2%, 12.83%, and 9.6%, respectively.
This is a developing story, please check back for updates!!
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Bitcoin price has surged for a short period of time above the $80,000 level after posting a minimal gain in the last hour.
The rebound follows a sudden drop that saw BTC drop to as low as $74,000 in the last 24 hours. The price action was during a fake news that President Donald Trump is considering suspending tariffs for 90 days on all countries except China.
Fake Trump Tariff Pause Reports Drive Bitcoin Price Relief
Fake news surfaced Monday suggesting President Donald Trump is considering a 90-day pause on tariffs for all countries except China. This fake news initiated a brief market rally that helped Bitcoin price to cross the $80,000 threshold before retreating to its current price.
The White House has since referred to the reports as “false,” adding to the cloud of uncertainty for the markets. Trump continues to state that his tariffs are necessary for making trade fairer and restoring domestic manufacturing. He singled out China as “the biggest abuser of them all.”
Crypto Market Shows Mixed Recovery
The brief recovery in cryptocurrency prices appears directly linked to this tariff pause news. In the short term, the entire cryptocurrency market has shown signs of recovery, as Ethereum rose to $1,567.92, up 2.04%.
XRP climbed to $1.88, up 4.88%, and Solana rose to $106.84, gaining 4.69% over the past hour. Dogecoin also showed the highest hourly gain among major cryptocurrencies at +5.5%. BNB has posted a 1.49% gain, lagging behind other major altcoins in the current relief rally.
Economic Concerns Persist Despite Price Recovery
Goldman Sachs has issued a new forecast suggesting that a recession has become more likely even if President Trump reverses his tariff policies. The financial firm predicts economic growth will slow substantially due to “a sharp tightening in financial conditions, foreign consumer boycotts, and a continued spike in policy uncertainty.”
These economic concerns remain a backdrop to the cryptocurrency market’s recovery. The 5.64% decrease in global crypto market capitalization over the past 24 hours shows that the hourly gains have not yet erased the overall downtrend.
While the global crypto market nosedived, the 24-hour trading volume has surged by over 400%. As per Alternative data, the overall bearish outlook has also pushed the crypto fear & greed index to extreme fear at 23.
The report was released during a period of notable market volatility, as Bitcoin price and altcoins saw double-digit declines in the past 24 hours and total crypto liquidations surpassed $600 million.
Vignesh Karunanidhi
Vignesh Karunanidhi is a seasoned crypto journalist with nearly 7 years of experience in the cryptocurrency industry. He has contributed to numerous publications, including WatcherGuru, BeInCrypto, Milkroad, and authored over 10,000 articles
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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