Bitcoin Price Surge Driven by Shifting Geopolitics

The Bitcoin price recently surged past $114,000, spurred by escalating geopolitical tensions between the US and China. President Trump’s recent statements on trade relations have played a significant role in this volatility. While uncertainty persists, recent developments from China suggest the upward trend in cryptocurrency markets is fueled by these events. Analysts note that market dynamics are being influenced by both US-China trade discussions and the EU-China relationship. 2 major developments regarding China are driving the crypto market upward: a potential softening of US-China tensions and increased communication between the EU and China.