Was BTC Price Rally to $95K Based on False Hopes? Investors Doubtful of Trump-Xi Tariff Deal


Since April 20, Bitcoin (BTC) has soared from $80k to $95k on the back of potential settlement of the tariff wars between the US & China. This move resulted in massive uptick in optimism leading to a $280 billion growth in the crypto market capitalization since then. However, as US dollar weakens and BTC price stalls, investors are growing doubtful that the there might not be an agreement between Donald Trump and Xi Jinping.


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