Bitcoin can climb to ATH thanks to agreement between China and the US

Good news from Geneva reaches stock and crypto markets on Monday. Apparently the United States has agreed to reduce import tariffs on Chinese goods from 145% to (only) 30%, while China is reducing their import tariffs on American goods from 125% to 10%. Still a whole lot more than before this whole debacle started, but a clear improvement. Stock markets around the world rallied on this news. Bitcoin briefly touched $105,000 and is clearly gearing up for a jump to that fabled all-time high of $109,000.

China

The disaster of April 2 called ‘liberation day’ now seems a long way off. The White House probably realized that they didn’t really have many aces up their sleeve and that the other countries would simply continue to trade with each other if Trump kept his import tariffs in place.

By now, almost every country is looking at a 90-day ‘pause’ of those tariffs and the markets are doing a lot better again.

Bitcoin, which dropped to a level of $75,000 on that famous April day, has since rallied  very nicely and even briefly touched $105,000 yesterday on various crypto trading platforms.

If a further boost such as a peace agreement between Russia and Ukraine is also possible in the following days, then it is likely that the largest digital currency will quickly set a new record.