Bitcoin Surges Amid U.S.–China Trade Tariff Easing
- Bitcoin price increased over 12% this week, trading above $94,000.
- U.S. President Donald Trump suggested a substantial reduction in Chinese tariffs.
- CME futures exposure rose to 140,000 BTC with premiums exceeding 9%.
- Open Interest (OI) increased by about 5,000 BTC during Easter week.
- Bitcoin’s market cap surpassed $1.8 trillion, overtaking Alphabet and Silver.
The Bitcoin price rally was driven by eased trade tensions between the U.S. and China, as indicated by President Trump’s comments on tariff reductions. This led to increased futures activity and elevated Bitcoin’s market cap above major global assets like Alphabet and Silver.
Source (2.6)https://coingape.com/will-bitcoin-price-reclaim-100k-as-donald-trump-hints-at-china-tariff-relief/?rand=24432
