Key Takeaways
- Bitcoin surged to $105,705, its highest since January’s $109K excessive.
- China confirmed a 90-day suspension of reciprocal tariffs with the U.S.
- Spot Bitcoin ETF inflows surpassed $41 billion, with $321M added Friday.
Bitcoin rallied sharply early Monday, briefly touching $105,705—the asset’s highest degree since its January all-time excessive of $109,356.
The transfer adopted affirmation from China of a 90-day suspension in reciprocal tariffs with the U.S., fueling optimism in world markets.
Market actions & reactions
Between 07:00 and 08:00 UTC, Bitcoin surged from round $103,200 to simply beneath $106,000 earlier than retracing barely to $104,700 at press time.
The momentum echoed broader risk-on sentiment, as gold dropped 1.4% to $3,278 per ounce and WTI crude futures rose 1.5%.
US-China tariff suspension
Scott Bessent, as quoted by the BBC, mentioned:
After ‘sturdy’ discussions, the US and China have agreed a 90-day pause on ‘reciprocal’ tariffs, that means either side will cut back their tariffs by 115%.
Influence on Bitcoin & ETFs
The macro shift away from secure havens additionally benefited Bitcoin, which continues to soak up inflows by means of U.S.-listed spot exchange-traded funds.
In line with Farside Traders, cumulative inflows have now topped $41 billion, with $321 million coming into on Friday alone.
These funds are buying Bitcoin at a charge six instances quicker than present mining issuance.
Future market issues
With restrict promote orders constructing above $106,000 and assist close to $102,400, merchants are intently watching whether or not momentum can break by means of January’s excessive.
Tuesday’s upcoming U.S. CPI report and Federal Reserve commentary could affect short-term course.