Bitcoin price rises to $ 105,000 after Trump statements about China, then slight decrease

Bitcoin (BTC) had a strong revival this weekend and briefly touched the $ 105,000. This brought the rate dangerously close to his previous all-time High (ATH) of almost $ 109,000.

The increase seems to be mainly fueled by growing geopolitical stability and positive news about American trade policy, in which President Donald Trump again plays a central role.

‘Total reset’ in trade relationship with China

Bitcoin reached its highest level since January, after an impressive increase of almost 40%. At the beginning of April, the rate still went below $ 75,000 due to rising trade tensions between the United States and China.

The unrest peaked when the US increased the import tariffs on Chinese goods to 145%, to which China responded with rates of 125%. The technology sector in particular got hard blows, which led to considerable corrections to both the stock and cryptomarkt.

In the meantime, the situation seems to stabilize. The input rates remain unchanged for the time being and there is even optimism about a possible relaxation. Via Truth Social, President Donald Trump announced that the trade discussions between the US and China in Switzerland have been successful. “Much discussed, much agreed,” he wrote. He even spoke of a “total reset” in the trade relationship between the two economic superpowers.

Geopolitical tranquility slowly returns

There are also signs of increasing stability outside the trade conflict, although the geopolitical situation remains brittle. For example, a “complete and immediate” cease-fire was announced between India and Pakistan, two countries where tensions rose sharply in recent days. Although that news initially caused relief among investors and the sentiment on the cryptomarkt strengthened, the file has since been violated. This led to a short but noticeable correction in the rates.

In addition, hope news came from Russia. President Vladimir Putin announced that he was open to unconditional peace talks with Ukraine, which may take place in Turkey. After more than three years of conflict, this seems like a first serious step towards a diplomatic breakthrough, which further trusted the financial markets.