Bitcoin Surges 48% to $110,300 on US-China Trade Deal

Bitcoin experienced a significant surge as the long-awaited U.S.-China trade agreement appeared to be finalized. After weeks of pressure due to escalating tariff threats between the two nations, the world’s largest cryptocurrency jumped to nearly $110,300. This surge followed a celebratory update from President Trump on Truth Social, where he declared the trade deal with China “done.”

Trump’s statement read, “Our deal with China is done, subject to final approval with President Xi and me. We are getting a total of 55% tariffs, China is getting 10%. Relationship is excellent.” This announcement immediately sparked movement across global markets, with Bitcoin making a sharp upward push before slightly retracing to $109,560 as of early afternoon Wednesday. Although it did not reach a new all-time high, the price was close enough to spark fresh momentum talk.

Just two months prior, Bitcoin had been spiraling due to macro uncertainty. When Trump reintroduced reciprocal tariffs in early April, crypto markets tumbled alongside equities. Bitcoin plunged to $74,434, its lowest point of 2025, while the S&P 500 shed over $5 trillion in market cap. The recent deal, however, seems to have eased some of the geopolitical pressure, allowing Bitcoin to rebound.

Global Macro Investor CEO Raoul Pal framed recent events as a final act in long-running trade drama, stating, “Almost all the other tariff negotiations and rhetoric are all about getting China to agree to a deal.” With Trump striking a deal and Chinese Vice Commerce Minister Li Chenggang confirming an in-principle agreement, crypto markets appear to be breathing easier. Chenggang described the talks in London as “candid and in-depth,” signaling ongoing cooperation to resolve disputes.

According to Nexo analyst Iliya Kalchev, the deal “appears to defuse some tensions over rare earth exports,” though he noted that Wall Street futures were slow to fully embrace the announcement. For Bitcoin, relief from geopolitical pressure could reignite broader bullish flows. Venture activity has been unusually soft, with May logging just 62 crypto VC deals—a 2025 low. Analysts blame sentiment, as venture firms pulled back as the macro picture soured.

However, if trade fears now ease and the global risk appetite returns, Bitcoin could have more than just a headline rally on its hands. If history is any guide, Bitcoin likes clarity, not confusion. BTC’s 24-hour high near $110,300 is within striking distance of its current record. With clearer trade conditions, the chance for new highs is firmly on the table.

Investors will now be watching approval timelines, formalities with China, and follow-through action. For crypto traders burned by the tariff fallout in April, this could be the bounce-back they’ve been waiting for. The deal’s finalization could provide the clarity needed for Bitcoin to continue its upward trajectory, potentially reaching new all-time highs in the near future.