Bitcoin (BTC) Price Trades Lower, Hovering Near $103,835 as US-China Tariff Truce Sparks Cautious Optimism

Bitcoin has been trading slightly lower, hovering around $103,835, even as news of a fresh US-China tariff truce sparked cautious optimism across global markets.

Bitcoin price today, May 13 | BTC stalls at $103,835 as US-China tariff truce sparks cautious optimism

Bitcoin (BTC) traded slightly lower on Saturday, remaining above the key $103,000 level even as a fresh US-China tariff truce sparked cautious optimism across global markets.

While the agreement eased some economic tension, the crypto market hasn't fully reacted yet. But a deeper breakthrough in relations could spark a bullish wave that pushes Bitcoin toward its next big resistance at $109,000.

In a key diplomatic move, the United States reduced tariffs on Chinese goods from 145% to 30%, while China slashed its own rates from 125% to just 10%. The 90-day agreement marks a significant de-escalation in the trade war that rattled global markets for years.

President Donald Trump indicated he's ready to take the next step in diplomacy. Speaking on Fox News, Trump said, "I would certainly" be open to visiting China to meet President Xi Jinping, calling the U.S.-China relationship "important."

Trump highlighted his personal efforts in stabilizing global alliances, particularly referencing his recent tour of Saudi Arabia, Qatar, and the UAE, where he sought to counter China's growing influence. "They were going to China, and that was going to be their parent, and that's not happening," he said.

Bitcoin price hovers despite broader market shifts

Bitcoin price has dipped by 0.8% over the last 24 hours, remaining in a holding pattern as broader macroeconomic trends come into sharper focus.

The crypto community is keenly watching for any signs of capital reallocation, especially in response to geopolitical stability and softened trade policies.

If further negotiations lead to clearer economic cooperation, it could spark the next leg of Bitcoin's rally. Its next significant resistance level lies at $109,000.

"If I didn't do that deal with China, I think China would have broken apart," Trump claimed, highlighting the magnitude of this agreement.

The market impact of this tariff deal is still unfolding, but one thing is clear: crypto is now deeply tied to broader macro moves.

And if a Trump-Xi meeting leads to greater investor confidence, Bitcoin's path to new all-time highs could be closer than it seems.