Bitcoin and other major cryptocurrencies experienced heightened volatility following the announcement of a temporary reduction in tariffs between the United States and China. After briefly surging past $105,500—the highest mark since January—Bitcoin (BTC) pulled back to approximately $102,600, a 1.5% decline over 24 hours. This came as both countries agreed to decrease retaliatory tariffs for 90 days, providing a window of relief for global markets long pressured by trade tensions.
Other digital assets showed mixed reactions: Ethereum (ETH) continued to outperform BTC, gaining 1% and extending a strong monthly rally of 51%. Solana (SOL) and Cardano (ADA) posted daily gains of 2% and 4%, respectively, while Dogecoin (DOGE) advanced 1.4% on the day—up 37% for the week.
Analysts highlight the temporary nature of the truce, with underlying trade disputes unresolved, opening the possibility for renewed volatility. Technical analysis for BTC reflects key support at $103,385, with downside risks if breached. Meanwhile, the BTC Bull Token (BTCBULL), a memecoin with flexible staking and high yield, is attracting investor interest, nearing its presale target.
In global markets, equities rallied sharply in response to the tariff news. While the crypto sector initially benefited from this optimism, the positive momentum faded as risk appetite shifted towards traditional assets.