Bitcoin Drops to $101,300 Amid U.S.-China Tariff Truce

Bitcoin (BTC) experienced a decline after the U.S. and China announced a temporary truce in their trade war. Key points include:

Bitcoin rose from just under $75,000 to nearly $106,000 following trade negotiations.
As of now, Bitcoin is priced at $101,300, down 3% in the last 24 hours.
U.S. stock markets are up significantly, with the Nasdaq increasing by 3.9% and the S&P 500 by 3.1%.
Bitcoin’s recent performance has outpaced major U.S. averages, leading to relative underperformance today.
Aurelie Barthere from Nansen noted Bitcoin's insulation from tariff risks as a factor in its outperformance.
The 90-day tariff pause provides a short-term positive signal for risk assets, including cryptocurrencies.
Lower tariffs may ease inflationary pressures and improve global liquidity, typically beneficial for BTC and other cryptocurrencies.
Market volatility is expected to return as the 90-day agreement nears its end.