Bitcoin saw a sharp uptick on Tuesday, rising 3.8% to $109,404.20, as global investors responded positively to signs of easing U.S.-China trade tensions and prepared for a key inflation report from the U.S. later this week.
Trade Truce Fuels Risk Appetite
The renewed optimism stems from high-level trade talks in London between U.S. and Chinese officials, following a temporary truce in Geneva last month. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng are reported to have made progress on tariff rollbacks and export curbs—injecting some calm into volatile markets.
As a result, Bitcoin, often treated as an alternative asset during macro uncertainty, benefited from the risk-on sentiment.
From Record Highs to Range-Bound: Bitcoin’s Recent Journey
Bitcoin had hit an all-time high of $112,000 last month, driven by:
Legislative momentum in favor of crypto regulation
Rising institutional participation
Optimism around ETFs and sovereign adoption stories
However, geopolitical frictions and regulatory caution had since pushed the cryptocurrency into a consolidation phase, awaiting stronger macro signals.
Eyes on U.S. CPI This Week
Markets are now bracing for Wednesday’s U.S. CPI report, which could significantly shape interest rate expectations and dollar strength—both key macro inputs for Bitcoin’s short-term direction.
Incident: Bitcoin Scam via Paraguay’s Presidential X Account
Meanwhile, Paraguay’s government confirmed that the official X (formerly Twitter) account of President Santiago Peña was likely hacked. A misleading post claimed Paraguay had adopted Bitcoin as legal tender and launched a $5 million reserve fund—an announcement quickly debunked.
Stay Updated with Real-Time Crypto Metrics
To stay on top of Bitcoin’s real-time market movement and historical performance, use:
Cryptocurrency Daily: For live updates on prices, percentage changes, and volume across major tokens like Bitcoin and Ethereum.
Cryptocurrency Historical Data API: For analyzing Bitcoin’s performance trends over different time frames.
Outlook
With U.S.-China diplomacy easing and institutional flows still active, Bitcoin remains in a strong position heading into the summer. However, short-term volatility tied to CPI data and global policy moves could define its near-term range.
