China and the USA have agreed to reduce trade tariffs. The price of Bitcoin has exceeded $105,000.

China has agreed to reduce trade tariffs on American goods from 125% to 10% for 90 days. In response, the USA will cut tariffs from 145% to 30%.

The price of Bitcoin BTCUSD broke $105,000, while the value of Ethereum ETHUSD increased to $2,600.

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The crypto market is growing on positive news

A few months ago, U.S. President Donald Trump unleashed a trade war. The politician announced the imposition of tariffs on imports from Whale and many other countries. His initiative crashed global markets. Because of this, the price of bitcoin fell below $80,000.

However, the countries managed to come to an agreement. As a result, the BTC price increased by 2% and reached $105,747 for the first time since the end of January 2025. At the time of writing this material, bitcoin is trading at $105,253.

Meanwhile, Ethereum has increased by 4%. The price of ETH has risen to $2,592 — the highest level since February. In just the past week, the value of the second largest cryptocurrency by market capitalization has jumped by 40%. The recovery of the asset was aided by the overall growth of the crypto market and the long-awaited Pectra update.

The news is being updated.

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