Bitcoin breaks $110,000! Trade agreement brings a boost!

Bitcoin breaks $110,000! Trade agreement brings a boost!

Bitcoin (BTC) briefly surpassed $110,000 on Tuesday, seen as a direct response to the confirmation of a new trade deal between the US and China. This agreement, discussed in London, aims to reduce three-digit tariffs between the two nations. US Commerce Secretary Howard Lutnick said it fleshes out last month's Geneva deal. The truce on rare earth exports in exchange for relaxed US restrictions on semiconductor exports is a central point of the agreement.

Although the agreement still needs the approval of President Trump and Chinese President Xi Jinping, global markets are already showing positive reactions. Stock prices have risen and the dollar remains stable. Bitcoin ultimately settled at $109,590.

BTC Bull Token and its attractiveness

Particularly noteworthy is the presale of the BTC Bull Token ($BTCBULL), which has now raised $7 million. The presale price is $0.00256 per token and is available for 19 days. $BTCBULL offers holders passive Bitcoin distributions, making it an attractive investment option. At a Bitcoin price of $150,000, holders will receive real Bitcoin payouts, and the automatic reward system is powered by Best Wallet. Further distributions are planned for every $50,000 increase in the price of Bitcoin.

One reason for the hype surrounding $BTCBULL could be that 99Bitcoins ranked the token as one of the top three tokens to buy in June. Participating in the presale is easy as the tokens can be purchased with ETH, USDT or bank card. Best Wallet, the recommended wallet, is available on the Google Play Store and Apple App Store.

Market forecasts and geopolitical influences

US-China trade could impact not only Bitcoin but other cryptocurrencies as well. President Trump is sending positive signals about a possible trade deal conclusion, which could bring back investor confidence. Given the lack of negative developments, institutional investors could also increase their Bitcoin allocations. The current Bitcoin price fluctuates between $70,000 and $80,000, with bullish targets of $100,000 to $110,000 predicted by the end of 2025, assuming no serious macroeconomic problems arise.

Additionally, other cryptocurrencies such as Ethereum (ETH), XRP and Solana (SOL) could benefit from this prospect. Ethereum faces the possibility of a price rise towards $3,000, while XRP could benefit from increased use of cross-border payments. Solana could benefit from the development of fast-growing networks.

Geopolitical and economic developments show that Bitcoin and other cryptocurrencies are heavily influenced by current market conditions. Traders and investors are constantly looking for positive impulses to adjust their strategies.

For more information on these topics you can read the articles on Wall Street Online and News crypto read.