Bitcoin Nears All-Time High as U.S.–China Tariff Truce and New Reserves Drive Crypto Market

U.S.–China Tariff Reductions

– China’s Cuts: U.S. import tariffs cut from 125% down to 10% for 90 days.
– U.S. Response: Chinese import duties reduced from 145% to 30% for the same period.
– Effective by May 14: Both sides will implement the new rates by mid-May.
– Market Impact: Eased trade tensions boost global liquidity and reduce inflationary pressure.

Bitcoin on the Cusp of a New Record

– 5.1% Below ATH: Bitcoin’s price around $103,800, eyeing the $109,350 peak.
– Inflation Catalyst: If U.S. CPI falls to 2.3% in April (from 2.4%), analysts expect Bitcoin to break its all-time high above $109,000.
– Consolidation Zone: Forecasted range of $105,000–115,000 ahead of the next leg up.
– Fractal Forecasts: Models suggest Bitcoin could surge toward $140,000-plus on a global liquidity tailwind.

Key Project & Token Updates

– DeGods CEO Exit: Frank, founder of the DeGods NFT series, steps down as CEO today; co-founders assume leadership.
– Trump Memecoin Launch: Rumored to debut in 72 hours on Truth Social, potentially inspiring other platforms to issue their own tokens.
– BSV vs. Binance Lawsuit: Investors revived a £10 billion ($13 billion) suit, claiming Binance’s 2019 delisting crushed BSV’s price.
– Ledger Discord Hack: A moderator’s account was breached to distribute phishing links targeting users’ seed phrases.

Institutional Reserve & Investment Strategies

– Amber International Reserve: A $100 million Crypto Ecosystem Reserve, powered by AI, will support BTC, ETH, BNB, SOL, SUI, and XRP.
– Nakamoto & KindlyMD Merger: David Bailey’s Nakamoto merges with KindlyMD, raising $710 million for a Bitcoin treasury strategy—KDLY shares jumped 634% pre-market.
– JPMorgan’s Bitcoin ETF Stake: JPMorgan’s holdings in BlackRock’s Bitcoin ETF reached $1.7 billion.
– WLFI DeFi Deployment: World Liberty Financial launched Ethereum’s Pectra upgrade, then deposited 50 WBTC into Aave, borrowed $4 million USDC, and bought 1,590 WETH at $2,515 each.

Policy & Regulatory Highlights

– South Korea Election Support: Both leading presidential candidates back spot crypto ETFs ahead of the June 3 election.
– Revised GENIUS Act: Expanded U.S. regulatory oversight for foreign stablecoin issuers—Tether included—and tighter rules for digital-asset providers.
– Trump Pharma Cuts: Executive order to cut U.S. prescription drug prices by 30–80% could ease consumer inflation and influence Fed policy.

CONCLUSION

Slashed tariffs between the world’s two largest economies have supercharged Bitcoin’s rally, bringing it within striking distance of its all-time high. Institutional vaults and AI-powered reserves signal growing confidence, while fractal forecasts and U.S. inflation data loom as potential catalysts. Traders should monitor mid-May tariff implementations, CPI releases, and token unlocks to position for the next major move.