Bitcoin Drops Below $102K as U.S.-China Trade Truce Spark Market Rotation

Following a month-long climb, Bitcoin (BTC) saw a decline below $102,000 on Monday after the announcement of a 90-day U.S.-China trade truce sparked market shifts. The dip marks a pause in the asset’s recent rally which began following its April low of around $75,000. Currently trading at $101,300, Bitcoin has fallen by nearly 3% in the past 24 hours, underperforming U.S. equities which surged on the same news.