Bonk Price Jumps 12% on US-China Trade Deal News as It Breaks Above 200-Day SMA

The price of Bonk (BONK) token rose 12% over the last 24 hours to trade at $0.00002466 by 4:49 a.m. EST as a 41% increase in daily trading volume brought it to $866 million.

The increase in the BONK price came as the U.S. and China announced the completion of their high-stakes trade talks on a positive note. Officials from both countries highlighted the progress made during the 90-day period.

American officials touted having clinched a "deal" to reduce the trade deficit, while their Chinese counterparts said an "important consensus" was reached.

The U.S. will lower tariffs on Chinese goods from at least 145% to a base levy of 30% for an initial period of 90 days, while Chinese levies are set to fall from at least 125% to 10% on U.S. goods for the same period.

Breaking overnight..

US-China trade deal terms are now out..

The US will lower tariffs on Chinese goods to 30% for 3 months..

China will lower tariffs on US goods to 10% for 3 months..A huge victory for everyone in my opinion..

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