The Bitcoin hits $105K milestone came as global markets rallied after a key US-China tariff deal. In Geneva, both countries agreed to reduce tariffs for 90 days, signaling a thaw in trade tensions. As a result, Bitcoin broke above $105,000, and Ethereum surpassed $2,500, boosting investor sentiment across the crypto market.
The Bitcoin hits $105K surge followed China’s decision to lower tariffs on U.S. goods from 125% to just 10%. Meanwhile, the U.S. announced it would reduce duties on Chinese imports from 145% to 30%. The tariff cuts take effect on May 14.
US-China Deal Sparks Bitcoin Hits $105K Breakout
The announcement triggered a 1% rise in global crypto capitalization, with Bitcoin hits $105K dominating headlines. Ethereum followed closely behind, climbing past the $2,500 mark.
Arthur Heiss, CIO at Maelstrom, said:
“Traders should be buying absolutely everything.”
A senior analyst at CoinPanel agreed:
“Reduced tariffs ease inflation pressures and improve liquidity. That’s typically very bullish for Bitcoin and altcoins.”
Bitcoin Hits $105K: Why It Matters Now
The Bitcoin hits $105K breakout reflects a broader market shift. Lower trade barriers tend to support risk-on assets like crypto. Institutional investors and retail traders alike have taken this as a green light to re-enter the market.
Even with the gains, volatility remains high. Bitcoin’s 7-day volatility rose slightly, from 37% to 42%, showing that sharp price moves are still likely.
Experts Say Bitcoin Could Climb Higher
“The market is regaining confidence,” said Shawn Dowson, Head of Research at Derive.xz.
“Bitcoin hits $105K is just the beginning. With macro conditions stabilizing and institutional demand growing, we expect more upside this year.”
This renewed optimism could fuel further gains for both Bitcoin and Ethereum as capital flows back into the crypto ecosystem.
Bitcoin Hits $105K — Is $110K Next?
With momentum building, some analysts suggest that Bitcoin’s next major resistance lies at $110,000. If the rally continues and macroeconomic indicators remain stable, Bitcoin hits $105K could soon become a stepping stone to even higher targets.
The recent tariff deal between the U.S. and China has opened the door for further collaboration and reduced uncertainty. That’s good news not just for trade—but for the crypto market as a whole.
