LONDON (IT BOLTWISE) – Bitcoin has surpassed $113,000 following a trade deal between the US and China. This development has boosted trading activity and investor confidence, while a significant BTC transfer of $303 million highlights growing institutional participation.
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Bitcoin recently surpassed $113,000 following the announcement of a US-China trade deal. This news has led to an increase in trading activity and investor confidence. A significant Bitcoin transfer worth $303 million also underlines the increasing interest from institutional investors.
The US-China trade deal, reached during talks in Malaysia, includes easing tariffs on select goods and export controls. This diplomatic development has led to a rise in risky assets like Bitcoin. Historically, such breakthroughs often correlate with Bitcoin rallies, similar to the 2019 Phase One agreement.
Analysts have noted that Bitcoin’s recovery after October’s tariff-induced slump is similar to the patterns of the recovery after the Covid crash in March 2020. At the time, Bitcoin briefly fell to around $104,782, leading to $19 billion in liquidations across crypto markets.
A notable Bitcoin inflow to exchange wallets was also observed. A so-called ‘whale’ transferred approximately 1,884 BTC worth $212 million to a Kraken hot wallet. Such moves often indicate potential selling pressure, although no immediate market impact was observed.
The Bitcoin community is divided over the impact of these events. Some analysts argue that traditional 4-year halving cycles are now secondary to monetary policies, ETF inflows and macro liquidity trends. Others warn that external risks such as trade tensions and economic slowdowns could dampen future rallies.
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