US President Donald Trump expressed confidence in concluding a trade deal with China, which could significantly affect tariffs and global financial markets.
Trump's Expectations in Trade Negotiations
On April 17, President Trump indicated a likelihood of reaching an agreement with China within three to four weeks, aiming to settle ongoing trade disputes. His sentiment is echoed by US Trade Representative Jamieson Greer, who highlighted active discussions between the nations.
Market Reactions and Bitcoin
Markets reacted mixed to Trump's statements, although Bitcoin's price surged above $83,000 following announcements of specific tariff exemptions for electronics. Analysts consider this may positively affect cryptocurrency given the heightened economic uncertainty.
Bitcoin's History Amid Economic Instability
In past US-China trade disputes, Bitcoin has been utilized as a hedge against traditional market volatility. As of April 18, 2025, Bitcoin was trading at approximately $84,547.61 with a market capitalization of $1.68 trillion. Historical data indicates Bitcoin's significant role during periods of economic and policy uncertainty.
The US-China trade talks may have a significant impact on financial markets and Bitcoin prices. Historically, cryptocurrencies serve as a safeguard during times of economic uncertainty.
