Key Takeaways
- Bitcoin surged to $105,705, its highest since January's $109K high.
- China confirmed a 90-day suspension of reciprocal tariffs with the U.S.
- Spot Bitcoin ETF inflows surpassed $41 billion, with $321M added Friday.
Bitcoin rallied sharply early Monday, briefly touching $105,705—the asset’s highest level since its January all-time high of $109,356.
The move followed confirmation from China of a 90-day suspension in reciprocal tariffs with the U.S., fueling optimism in global markets.
Market movements & reactions
Between 07:00 and 08:00 UTC, Bitcoin surged from around $103,200 to just under $106,000 before retracing slightly to $104,700 at press time.
The momentum echoed broader risk-on sentiment, as gold dropped 1.4% to $3,278 per ounce and WTI crude futures rose 1.5%.
US-China tariff suspension
Scott Bessent, as quoted by the BBC, said:
After ‘robust’ discussions, the US and China have agreed a 90-day pause on ‘reciprocal’ tariffs, meaning both sides will reduce their tariffs by 115%.
Impact on Bitcoin & ETFs
The macro shift away from safe havens also benefited Bitcoin, which continues to absorb inflows through U.S.-listed spot exchange-traded funds.
According to Farside Investors, cumulative inflows have now topped $41 billion, with $321 million entering on Friday alone.
These funds are purchasing Bitcoin at a rate six times faster than current mining issuance.
Future market considerations
With limit sell orders building above $106,000 and support near $102,400, traders are closely watching whether momentum can break through January’s high.
Tuesday’s upcoming U.S. CPI report and Federal Reserve commentary may influence short-term direction.
