The tariffs between both powers were a ballast that stopped investors.
Now, Bitcoin has the clearest terrain to go looking for new maximums.
The United States and China sealed a commercial agreement that ends the prolonged dispute over tariffs, an obstacle that stopped investors.
The pact encodes the negotiated terms between Beijing and Washington, according to confirmed United States Secretary of the United States, Howard Lutnick, to Bloomberg.
“They will give us rare earths,” said Lutnick, adding that, Once this commitment is fulfilled, the United States will eliminate its tariff countermeasures.
The agreement, set after intense conversations in London from June 9 to 10, establishes that China will export rare land, while the United States will raise commercial restrictions previously imposed.
From Beijing, the Chinese Ministry of Commerce ratified the firm and pointed out that will review the export requests for controlled articles in accordance with the lawa key step to dismantle commercial barriers. However, the success of the pact depends on the future actions of both nations.
This advance reaches a context where the “tariff war”, promoted by the president of the United States, Donald Trump, had generated turbulence in financial markets, as reported by cryptootics throughout the year.
Commercial distension, added to the recent cessation of the conflict between Iran and Israel, Create a favorable environment for assets such as Bitcoin, which currently lies at $ 106,700.
In this scenario, Bitcoin emerges with a clearer path to reach new maximums. On-chain data of the Bitcoin Vector firm, show that the liquidity of the currency recorded in June its first significant expansion after touching a minimum of three years.
Although Bitcoin remains below its historical record of $ 111,000, the firm A “constructive change” stands out in the market. “Capital returns cautiously, laying the foundations for the next stage,” they point out, suggesting that the currency could consolidate a sustained upward trend.
