The post Bitcoin surges to $105,000 as Ether and XRP lead extended market recovery on US-China trade deal appeared on BitcoinEthereumNews.com.

Bitcoin just hit $105,000 for the first time in three months, kicking the crypto market back into full gear. This jump came after news broke about a 90-day truce in the US-China trade war, with both sides agreeing to reduce some tariffs. Traders immediately started buying risk assets. The reaction was fast. Ether moved up by 4% to hit $2,596, and XRP jumped by 3% to trade at $2.44. Solana (SOL) climbed by 3.2% to $179, while BNB moved up more quietly with a 1.1% rise to $665. Meanwhile, Bitcoin’s rally was quite short-lived as it had already slipped back slightly to $104,422 at press time. The US dollar spiked while gold and government bonds got dumped. Investors reacted to hopes that the economic damage from the tariff war might ease — at least for now. Yields rose fast. The 10-year US Treasury yield gained six basis points to hit 4.43%, the highest in almost a month. A dollar strength index also rose 0.5%. Meanwhile, the Japanese yen, a traditional safe haven, tanked. Markets move fast as risk appetite returns Over on Wall Street, Dow futures surged 422 points, or about 1%. S&P 500 futures were up 1.38%, and Nasdaq-100 futures rallied 1.94%. The push came after a rough patch. All three major averages had closed lower last week. The Dow Jones slipped 0.2%, the S&P 500 dropped 0.5%, and the Nasdaq Composite fell 0.3%. That losing streak was broken hard today. Traders are still watching what happens next. The truce on tariffs doesn’t mean the fight is over. But the sudden decision to step back, even temporarily, gave markets breathing room. The 90-day reduction is short, but enough to stir money into everything from crypto to equities. The Commerce Secretary, Howard Lutnick, spoke on Sunday, saying the US will…

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Filed under: News - @ May 12, 2025 8:26 am