Bitcoin, altcoins poised to rally on US-China tariff agreement
From Cointelegraph
May 12, 2025 9:30 am:
A 90-day tariff agreement between the US and China could boost stock and cryptocurrency markets. The White House announced a reduction in tariffs to 10% for 90 days starting May 14. Both governments aim to avoid economic decoupling, leading to optimism in trade relations. Bitcoin is close to its all-time high and may rally further with easing trade tensions. Tax relief measures could drive risk assets higher, potentially surpassing peak levels from January. Analysts predict a Bitcoin rally to $150,000 based on technical chart patterns and positive trade negotiations.
Read more at Cointelegraph: Bitcoin, altcoins poised to rally on US-China tariff agreement