- The price of bitcoin has risen 11.06 percent in the last month, reaching $105,985.85.
- Ethereum rises 2.58% to $2,617.82 after tariff pause extension.
- The tariff freeze on Chinese imports will be extended by the U.S. until August 2025.
The announcement that the U.S. would keep tariffs paused on some Chinese goods until August 2025 drove Bitcoin up to $105,985.85, a rise of 11.06% in a month. The news eased fears in the market, which helped BTC rebound from a previous low of $103,680 caused by trade talks.
Ethereum went up by 2.58% in just one day to $2,617.82 after dropping to $2,522. Confidence from investors increased after the tariff pause and ongoing trade talks, which helped the cryptocurrency market rise.
Due to the extension of tariffs, there has been a temporary reduction in the level of tension between the United States and China. Investors are therefore encouraged to put their money into assets that carry a higher level of risk, such as cryptocurrency. The quick rebound of Bitcoin demonstrates the cryptocurrency’s vulnerability to overall economic movements.
Trade Negotiations Shape Market Dynamics
The United States of America has maintained its freeze on tariffs with its major trade partners, including China, as a result of discussions made by the administration of President Trump. Following legal challenges to tariffs that were imposed utilizing the International Emergency Economic Powers Act (IEEPA), the decision was made.
On May 28, the U.S. Court of International Trade said that tariffs on Chinese, Mexican and Canadian imports are unlawful. It was decided that IEEPA does not permit widespread use of tariffs in trade policies.
A day later, a court in Washington, D.C., found in favor of Learning Resources and hand2mind, deciding that the tariffs had caused them financial harm. Courts also pointed out that IEEPA was intended to be used mainly for trade-related reasons.
The Trump administration appealed both rulings. At one point, a federal appeals court issued a stay that let the tariffs remain in place as the appeal was being decided. The administration also asked for a temporary halt to the second ruling by the U.S. DC Circuit Court of Appeals because it might interfere with ongoing trade negotiations.
President Trump ordered that all major trade deals be finished by July 8, 2025. The foreign governments were told to send in their top bids by Wednesday. The White House said that if the two sides did not reach an agreement, tariffs would be reinstated after the 36-day window.
Global markets have become stable after the tariff pause, and cryptocurrencies are currently at the forefront. The increase in Bitcoin’s value displays that it is attracting investors who seek safety in times of trade tension. Ethereum’s gains further reflect broad market optimism.
The post Bitcoin Surges Past $100K After Trade Truce Extension appeared first on Live Bitcoin News.
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