Bitcoin 
$112,960.43In the early hours of the day, the US President Donald TrumpIt rose above the $111,300 level after ‘s announcement that it would reduce customs duties with China. Chinese President in Busan, South Korea Xi Jinping Meeting with Trump, Trump said that a trade agreement could come soon after the meeting.
Trump’s Tariff Announcement Directed Bitcoin
CryptoAppsy According to data, the price of Bitcoin rose to $111,301 after falling to $108,500 during the day. Although the largest cryptocurrency is still priced with a 2 percent decrease in the last 24 hours, the recovery momentum attracted attention after the leaders’ statements. While not holding a joint press conference after the meeting initially created uncertainty in the market, Trump’s statements on the plane changed the direction of investors.
Trump told reporters on Air Force One ChineseHe stated that the 20 percent customs duties applied to imports from Turkey will be reduced to 10 percent. The US administration introduced these taxes as a sanction against China’s fentanyl-derived chemical sales. Trump also described the meeting as a twelve-point meeting, on a scale of zero to ten. The IndependentAccording to the news, the US President said that all problems with China regarding rare earth elements have been resolved.
Analysts: Uncertainty Continues in the Macro Outlook
Market analysts point out that despite the statements in favor of an agreement, uncertainties still persist in trade relations. Head of Caladan Research Derek Lim“Currently, we have only heard what Trump said, there has been no confirmation from China. Beijing’s confirmation is needed, especially regarding rare earth materials,” he evaluated.
Lim also Federal Open Market Committee Reminding that there were members who unexpectedly did not want a rate cut at the (FOMC) meeting, he said, “Even if the interest rate dropped by 25 basis points, the Fed President Jerome Powell He said it was unclear whether there would be a new discount at the December meeting. “This increased the volatility in the market,” he said.
Kronos Research Investment Director Vincent Liu He stated that in the short term, prices will be shaped by liquidity conditions and positioning rather than headlines. Liu commented, “Liquidation flows and inflation surprises can create sharp fluctuations in the cryptocurrency market.”
