Bitcoin News Today: Bitcoin Jumps Nearly 2% Amid Potential 90-Day US-China Tariff Truce

Bitcoin’s price surged past $119,000 amid unconfirmed reports of a potential 90-day tariff truce between the United States and China, sparking optimism in global cryptocurrency markets. The move followed negotiations between U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng, who emphasized the possibility of a broader economic partnership. While no official confirmation has been issued, the temporary truce—first discussed during trade talks in Stockholm—has fueled risk-on sentiment, with Bitcoin climbing nearly 2% and the global crypto market cap nearing $4 trillion [1].

The truce, if finalized, would extend existing pauses on tariffs for three months, providing both nations with additional time to resolve broader trade disputes. Analysts suggest that easing Sino-American tensions has historically led to short-term gains in risk assets, including cryptocurrencies and equities. For instance, Bitcoin’s performance during previous trade negotiations demonstrated its sensitivity to geopolitical stability, with investors shifting capital away from safe-haven assets like gold toward high-risk opportunities [2]. However, experts caution that the current rally remains speculative, as unresolved issues such as intellectual property protections and trade imbalances will require more than a temporary pause to address [3].

The U.S. and China face a critical deadline by August 12 to finalize a durable agreement. While the 90-day extension offers short-term relief, broader economic pressures—such as a 15% tariff on EU goods and pending semiconductor import investigations—could divert attention from the China negotiations. Market observers note that Bitcoin’s recent gains reflect growing institutional interest in digital assets as a hedge against macroeconomic uncertainties, but they stress the importance of monitoring official announcements for confirmation of the truce [4].

Bitcoin’s trajectory underscores its role as a barometer for global economic policy shifts. During periods of heightened uncertainty, such as the early pandemic or recent trade escalations, the cryptocurrency has shown volatility tied to geopolitical developments. However, the current rally remains overextended, with analysts advising traders to exercise caution. Unverified news can amplify crypto market volatility, and the outcome of the Stockholm talks will likely shape not only Bitcoin’s performance but also broader economic dynamics, given the scale of U.S.-China trade volumes [2].

As of the latest reports, the U.S. and China have not issued a joint statement confirming the extension. Investors are urged to remain cautious, as the 90-day timeline aligns with broader U.S. trade strategies that balance de-escalation with long-term pressure for concessions. The crypto market’s reaction highlights the interconnectedness of global policy and digital asset valuations, though structural challenges in trade negotiations may temper long-term gains [1].

Source: [1] [Bitcoin Jumps Amid Reports Of 90-Day US-China Tariff Truce](https://coingape.com/bitcoin-jumps-amid-reports-of-90-day-us-china-tariff-truce/) [2] [US and China Expected to Extend Trade Truce by 90 Days](https://www.bloomberg.com/news/articles/2025-07-27/us-and-china-are-expected-to-extend-trade-truce-by-90-days-scmp-says) [3] [US, China to resume tariff talks in effort to extend truce](https://www.investing.com/news/stock-market-news/us-china-to-resume-tariff-talks-in-effort-to-extend-truce-4154193) [4] [Trump sets 15% tariff on EU: Here are the key aspects of](https://m.economictimes.com/news/international/global-trends/trump-sets-a-tariff-of-15-pc-on-eu-here-are-the-key-aspects-of-the-trade-deal/articleshow/122938807.cms)