{"id":84447,"date":"2025-07-28T19:30:11","date_gmt":"2025-07-28T19:30:11","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=84447"},"modified":"2025-07-28T19:30:11","modified_gmt":"2025-07-28T19:30:11","slug":"120k-bitcoin-in-sight-90-day-us-china-tariff-truce-fuels-market-optimism","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=84447","title":{"rendered":"$120K Bitcoin In Sight: 90-Day US\u2013China Tariff Truce Fuels Market Optimism"},"content":{"rendered":"

A tentative calm settled over global markets on Monday as Washington and Beijing agreed to push their tariff<\/a> truce out by another 90 days. The news was a welcome relief, at least in the crypto front, as Bitcoin traders set their sights on the next target: $120,000<\/p>\n

Talks resume in Stockholm, with both sides saying they won\u2019t slap on new duties during that window. It\u2019s a relief for companies reeling from duties on more than $700 billion in goods since 2018.<\/p>\n

Third Round Talks Underway<\/h2>\n

According to reports<\/a>, negotiators will build on meetings in Geneva and London. They plan to tackle old fights over tech rules, digital services and forced transfers of know\u2011how.<\/p>\n

Business leaders have already paused major moves, waiting to see if the break holds. A fresh round of face\u2011to\u2011face diplomacy seems meant to avoid sudden shocks to farms, factories and supply chains.<\/p>\n

Early signals from Beijing suggest a willingness to talk, even as economic growth slows at home. In the last trade round, tariffs jumped to highs of 25% on key items like semiconductors and soybeans.<\/p>\n

Now both sides seem to be testing whether a temporary stop can become a stepping stone to deeper fixes.<\/p>\n

China Raises Fentanyl Tariff Issue<\/h2>\n

A new wrinkle in the discussions involves fentanyl\u2011related chemicals.<\/a> Based on reports, China wants US President Donald Trump\u2019s administration to lift duties on certain precursors used in opioid production.<\/p>\n

Beijing argues that those taxes are making it harder to track illegal shipments, even as overdose deaths surge in the US.<\/p>\n

American officials have blamed Chinese suppliers for feeding a crisis that kills tens of thousands each year. In retaliation, Washington hit chemical imports with extra levies.<\/p>\n

Now China is pushing for a shift toward sharing lab data and law\u2011enforcement tips instead of sticking with punitive charges. Washington faces a tricky choice.<\/p>\n

Domestic pressure is intense, with voters demanding tough action on both drugs and trade ahead of a high\u2011stakes election.<\/p>\n

Bitcoin Up As Businesses And Markets On Edge<\/p>\n

Markets reacted quietly at first. Stocks held near flat lines, while traders eyed the pause as a temporary balm.<\/p>\n

Cryptocurrencies, however, showed more drama. Bitcoin<\/a> jumped to $119,380\u2014up 2% over 24 hours\u2014even though daily volumes fell by 8.7% to $50 billion.<\/p>\n

At current levels, Bitcoin sits just 2.88% below its July 13 peak of $123,102. Network data also hit a record hashrate of 932\u202fEH\/s, with difficulty at 127.62 trillion.<\/p>\n

Analysts caution against reading too much into a single headline. Low volume can fuel sharp swings, and crypto markets often move on a mix of factors from ETF flows<\/a> to miner activity.<\/p>\n

Featured image from Getty Images, chart from TradingView<\/em><\/p>","protected":false},"excerpt":{"rendered":"

A tentative calm settled over global markets on Monday as Washington and Beijing agreed to push their tariff truce out by another 90 days. The news was a welcome relief, at least in the crypto front, as Bitcoin traders set their sights on the next target: $120,000 Talks resume in Stockholm, with both sides saying […]<\/p>\n","protected":false},"author":0,"featured_media":84448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-84447","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/84447"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=84447"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/84447\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/84448"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=84447"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=84447"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=84447"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}