Bitcoin grew stronger to a new full time high after a temporary trade agreement between the United States and China freed macroeconomic fears and strengthened investor confidence.
Bitcoin (Btc) set a new high $ 109,400 on May 21, rising more than 26% last month, according to data from tradingview. This climb on a record high comes nine days after the White House announced A 90-day trade agreement between the US and China on May 12, temporarily collapse of import tariffs at 10%.
The 90-day tariff suspension And the cooperative tone of the negotiations has eliminated the risk of “sudden growth,” which has a significant impact on risk in traditional and cryptocurrency investors, Aurelie Barthere, chief analyst of research on the crypto intelligence platform, told Cointelegraph.
US rewards tariffs that Donald Trump have seen as the largest macroeconomic threat to traditional equality and cryptocurrency markets in 2025.
Bitcoin briefly fell a year-to-date low $ 74,434 on April 7, five days after Trump announced his Reciprocal Importing Tariffs On April 2, the shipping of shockwaves throughout the global market, along with the S&P 500 has lost more than $ 5 trillion In value, its biggest collapse to this day.
Bitcoin started its recovery on April 9 after Trump Marked the day of liberation The “climax of uncertainty” for market participants, Michaël van de Poppe, founder of MN Consultancy, was told in the cointelegraph at that time.
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Bitcoin enters in May with a “close-bound setup”
Bitcoin kicked in May with a “close-minded setup, catalyzed by a rare alignment of geopolitical de-escalation, improving regulation optics and macroeconomic tailwinds,” according to Jag Kooner, head of derivatives at the Bitfinex exchange.
“Russia -ukraine’s ceasefire talks have launched one of the major geopolitical volatility engines of the past two years,” Kooner told cointelegraph, added:
“Instead of triggering a capital flight from Bitcoin-just as often seen when the risk loses-this easing is unlocking a risk of risk.
Capital cycle reflects a “narrative narrative” because “Bitcoin is no longer just a fearful fence-it is especially a high convincing risk owned in times of macro stability,” Kooner said.
Russia and Ukraine “will immediately begin negotiations towards a ceasefire and, more importantly, an end to war,” Trump According to a May 19 X post, summarizing his two -hour call with Russian President Vladimir Putin.
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However, funding rates need to remain neutral and open interest that is stable for a “consecutive setup” that can fire a Bitcoin rally above the $ 114,000 to $ 120,000, which can be caalyzed by any “macro or regulation spark,” Kooner said.
Other analysts predicted a Bitcoin rally above $ 130,000 before the end of 2025, based on the BTC’s close -fashioned relationship with the global currency supply.
Increasing the supply of money can be pushed Bitcoin price above $ 132,000 Prior to the end of the year, as the investor’s demand was driven by the growing removal of Fiat money, predicted Jamie Coutts, Chief Crypto Analyst in Real Vision.
https://www.youtube.com/watch?v=4Maiaoxtawi
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