Bitcoin nears all-time high as Trump touts major progress with China
The post Bitcoin nears all-time high as Trump touts major progress with China appeared on BitcoinEthereumNews.com. Key Takeaways Bitcoin is trading just 4% below its all-time high, boosted by positive US-China trade talks. US-listed Bitcoin ETFs saw over $1 billion in inflows, with BlackRock’s fund continuing a 19-day winning streak. Bitcoin surged to a high of $104,900 on Saturday evening, just around 4% shy of its all-time high, after President Donald Trump said US-China talks had made great progress during a meeting in Switzerland, TradingView data shows. In a statement on Truth Social, Trump said that the discussions were constructive and friendly, describing the outcome as a total reset. He noted the agreement on a “total reset” in relations and renewed efforts to open Chinese markets to American businesses. “Many things discussed, much agreed to,” Trump wrote. “A total reset negotiated in a friendly, but constructive manner. We want to see, for the good of both China and the US, an opening up of China to American business. GREAT PROGRESS MADE!!!” Markets interpreted the statement as a positive sign of easing global tensions, which helped extend Bitcoin’s already bullish momentum, fueled by macro and institutional factors earlier in the week. Fed flexibility and ETF flows support Bitcoin’s latest breakout Multiple factors have supported Bitcoin’s upward momentum. On Wednesday, Fed Chair Jerome Powell indicated the central bank’s readiness to cut interest rates if conditions warrant, reassuring markets amid controlled inflation and easing tariff tensions. Bitcoin topped $99,000 mid-week before extending its rally to $100,000. According to Bitfinex analysts, the move above $100,000 reflects real demand, not speculative excess. “Bitcoin’s move back above $100K is a clean breakout driven by strong fundamentals and improved macro optics,” Bitfinex analysts said in a statement. “The Fed showed it’s ready to cut if needed—without the urgency of inflation risk, thanks to easing tariff tensions. This creates a “policy optionality” regime: a…
The post Bitcoin nears all-time high as Trump touts major progress with China appeared on BitcoinEthereumNews.com.
Key Takeaways Bitcoin is trading just 4% below its all-time high, boosted by positive US-China trade talks. US-listed Bitcoin ETFs saw over $1 billion in inflows, with BlackRock’s fund continuing a 19-day winning streak. Bitcoin surged to a high of $104,900 on Saturday evening, just around 4% shy of its all-time high, after President Donald Trump said US-China talks had made great progress during a meeting in Switzerland, TradingView data shows. In a statement on Truth Social, Trump said that the discussions were constructive and friendly, describing the outcome as a total reset. He noted the agreement on a “total reset” in relations and renewed efforts to open Chinese markets to American businesses. “Many things discussed, much agreed to,” Trump wrote. “A total reset negotiated in a friendly, but constructive manner. We want to see, for the good of both China and the US, an opening up of China to American business. GREAT PROGRESS MADE!!!” Markets interpreted the statement as a positive sign of easing global tensions, which helped extend Bitcoin’s already bullish momentum, fueled by macro and institutional factors earlier in the week. Fed flexibility and ETF flows support Bitcoin’s latest breakout Multiple factors have supported Bitcoin’s upward momentum. On Wednesday, Fed Chair Jerome Powell indicated the central bank’s readiness to cut interest rates if conditions warrant, reassuring markets amid controlled inflation and easing tariff tensions. Bitcoin topped $99,000 mid-week before extending its rally to $100,000. According to Bitfinex analysts, the move above $100,000 reflects real demand, not speculative excess. “Bitcoin’s move back above $100K is a clean breakout driven by strong fundamentals and improved macro optics,” Bitfinex analysts said in a statement. “The Fed showed it’s ready to cut if needed—without the urgency of inflation risk, thanks to easing tariff tensions. This creates a “policy optionality” regime: a…
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