Overview

• Bitcoin reached $105,500 on Monday, its highest since January, before retreating to trade around $103,000 following the U.S.-China trade agreement.
• The U.S. and China agreed to a 90-day tariff truce, reducing tariffs from 125% to 10%, boosting global market sentiment and risk assets like Bitcoin.
• Institutional adoption continues to grow, with BlackRock's spot Bitcoin ETF amassing over $5 billion in inflows across 20 consecutive trading days.
• Ethereum breached $2,500 for the first time in over three months, signaling increased confidence in altcoins and the broader crypto market.
• The Federal Reserve's decision to hold interest rates steady at 4.25-4.5% and dovish guidance have further supported risk-on market behavior.