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Bitcoin set for $150K BTC price rally as US, China agree to slash tariffs

cryptoweekly by cryptoweekly
May 12, 2025
in bitcoin, News
0

The US will cut tariffs on Chinese goods from 145% to 30%, and China will slash duties on US imports from 125% to 10%, boosting Bitcoin’s breakout potential.

Key takeaways:

Bitcoin broke above $105,700 after the US and China agreed to slash tariffs.

A confirmed bull flag breakout on the weekly chart projects a $150,000.

Read more

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Recent Posts
  • Bitcoin targets $200K as profit metrics enter ‘cautiously optimistic’ zone
  • Elon Musk’s xAI raises $10B as Trump threatens to unleash DOGE on him
  • Centrifuge brings S&P 500 onchain in tokenized fund launch
  • FATF warning on stablecoin crimes is not anti-crypto, intel firms say
  • Malaysian regulator proposes easing crypto asset listing process
  • DOJ charges 4 North Koreans in $1M crypto theft from blockchain startup
  • Trump’s Big Beautiful Bill in overtime as senators jam crypto clauses

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