Bitcoin Surges Past $95,000 Amid US-China Tariff Exemptions
- Bitcoin’s price exceeded $95,000 for the first time in two months.
- The rally followed China’s exemption of some US imports from a 125% tariff.
- Exempted goods include US-made pharmaceuticals and potentially chemicals, vaccines, and jet engines.
- Market participants view this as a potential easing of the US-China trade war.
- Analysts predict Bitcoin’s next target could be $99,000 if it maintains current momentum.
The Bitcoin price surged above $95,000 after China exempted certain US goods from its hefty tariffs. This move is seen as a possible sign of easing tensions in the ongoing trade war between the two nations. Analysts suggest Bitcoin could aim for $99,000 if it sustains its current trajectory.
Source (2.6)https://coingape.com/bitcoin-price-rallies-as-china-exempts-some-us-imports-from-125-tariffs/?rand=24432
