Bitcoin, altcoins poised to rally on US-China tariff agreement
Summary
A 90-day tariff agreement between the US and China will reduce tariffs to 10%, a 24% cut, starting May 14. This agreement aims to prevent further economic decoupling, with both governments expressing a desire for balanced trade. The suspension of additional tariffs may reduce the risk of sudden market re-escalation, potentially benefiting altcoins and traditional stock markets alongside Bitcoin's recovery. Bitcoin is nearing its all-time high, and analysts predict that improved trade relations could lead to a rally in risk assets. A potential tax relief package, expected by mid-July, could further enhance market performance, with calls for Bitcoin to reach $150,000 based on favorable technical patterns.
