Bitcoin (BTC) Price Responds to U.S.–China Trade Deal Announcement — How Did Bitcoin React?

Bitcoin responded modestly but positively to the announcement of a major trade agreement between the United States and China, with its price climbing to $104,076.62

The reported announcement of a U.S.–China trade deal brought a modest but positive response from Bitcoin, pushing its price to $104,076.62, showing a 0.74% increase for the day.

The news of the potential agreement, confirmed by U.S. Treasury Secretary Scott Bessent, follows two days of intense talks in Geneva. The meeting involved high-ranking officials from both nations and was described as “productive,” with more details expected during an official briefing tomorrow.

At the time of the announcement (around 8:30 PM UTC), Bitcoin was trading at around $103,879.63. Soon after, the flagship cryptocurrency showed some strength, trading above $104,070 (around 8:55 PM).

The market appears to be digesting this development as a sign of reduced macroeconomic uncertainty, which could benefit risk assets, including cryptocurrencies.

However, it’s worth noting that this move is relatively modest considering the usual volatility in the crypto market.

Still, it highlights Bitcoin’s growing sensitivity to major geopolitical developments and economic policy shifts.

This news comes as the crypto market cap continues to recover, and trade tensions ease. All eyes are now on whether Bitcoin can challenge its all-time high set earlier this year.