Bitcoin nears new high as Trump says US-China trade ‘deal is done’

Bitcoin may see more upside if the world’s two largest trading nations finalize their tariff deal and end global economic uncertainty.

Bitcoin is closing in on a new high, buoyed by renewed optimism that the United States and China have reached a final agreement on their long-awaited trade deal.

The world’s largest trading economies have nearly completed their trade agreement, according to a Wednesday post on Truth Social by US President Donald Trump.

“Our deal with China is done, subject to final approval with President Xi and me,” Trump said. “We are getting a total of 55% tariffs, China is getting 10%. Relationship is excellent.”

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