Bitcoin Close to Record High as Trump Claims US-China Trade Deal Is Finalized

Bitcoin is nearing a new all-time high, fueled by optimism that the United States and China have reached a final agreement on their long-awaited trade deal. President Donald Trump announced via Truth Social that the deal is complete, with only presidential approval needed. 55% tariffs will be applied to China from the US, while China will see 10%. According to Nexo dispatch analyst Iliya Kalchev, this news has eased tensions over rare earth exports, but concrete policy changes are still lacking.