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Bitcoin Smashes $97K as U.S.-China Trade Truce Fuels Crypto Frenzy

Bitcoin Smashes $97K as U.S.-China Trade Truce Fuels Crypto Frenzy

Coindesk
Author:
Coindesk
Release Time:
2025-05-07 00:57:00
0

Bitcoin Races Above $97K on U.S./China Trade Deal Progress

Markets go berserk as geopolitical peace sends digital gold soaring—just as Wall Street finishes drafting its 300-page ’crypto risk assessment’ paper.

Trade deal progress acts like rocket fuel for BTC

No surprise here: when traditional finance gets cozy, crypto says ’hold my ledger’ and moons anyway. The ultimate hedge keeps hedging while bankers scramble to explain why they’re still charging 2% management fees for 0% alpha.

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