Will a Trump-China Trade Deal Impact Bitcoin?

The potential impact of a US-China trade deal on Bitcoin’s price could provide insights into the cryptocurrency’s role as a safe-haven asset during times of market uncertainty. Following Donald Trump’s tariff announcement in April, Bitcoin exhibited strong performance despite stock market volatility, exceeding $75,000 before recovering to near $95,000 by the end of that month. Crypto analyst Daan Crypto suggested that this strength might have stemmed from narratives about using Bitcoin to circumvent tariffs. However, if a trade deal is ultimately agreed upon, this theory would seem less likely to hold true.