Bitcoin touched a new high of $105,231.94 on Monday after the US and China agreed to temporarily reduce tariffs on each other’s goods. The move helped ease tensions between the two countries and gave global markets a boost.
Bitcoin rose by 1.51% in the last 24 hours. Its market cap hit $2.09 trillion, and 24-hour trading volume increased by nearly 6% to $47.04 billion.
According to a joint statement released in Geneva, both sides will lower tariffs for the next 90 days to allow more time for talks. The US will bring down import tariffs from 145% to 30%, including those related to fentanyl. In return, China will reduce its tariffs from 125% to 10% on American goods. The temporary cuts will be in place by May 14.
US Treasury Secretary Scott Bessent said the talks were positive, especially around controlling fentanyl trade. “We are in agreement that neither side wants to decouple,” he added. Officials also said that both countries will continue discussions on trade and economic ties during this 3-month window.
The news gave investors a reason to cheer, and Bitcoin’s quick jump is being seen as a sign of rising confidence. Traders believe easing tensions between the world’s two largest economies could support riskier assets like crypto.
At the same time, the US SEC’s Crypto Task Force is holding a key roundtable today on tokenization — the process of turning real-world assets like stocks, bonds, or real estate into digital tokens on the blockchain.
The event is titled “Tokenization: Moving Assets Onchain” and is being held from 1:00 PM to 5:30 PM ET. It’s open to the public online, and people can also walk in without registration, though security checks apply.
The roundtable will begin with opening remarks from Chairman Paul Atkins, along with SEC Commissioners Caroline Crenshaw, Mark Uyeda, and Hester Peirce.
There’ll be two main panel discussions during the roundtable. The first one, happening from 2 to 3:30 PM, will bring together folks from Fidelity, Nasdaq, BlackRock, Invesco, and a few others. They’ll be talking about how traditional finance is slowly moving towards blockchain — basically, how Wall Street is starting to go on-chain.
Then, from 4 to 5:30 PM, the focus shifts to what comes next. This session dives into the future of tokenization, with voices from Robinhood, Blockchain Capital, Maple Finance, Chia Network, and more. Expect insights on how real-world assets could live on the blockchain in the coming years.
With the US and China cooling off on trade and the SEC opening up space for real crypto conversations, it’s a big day, not just for Bitcoin, but for the direction global finance is heading.
Also Read: Strategy’s Michael Saylor: Bitcoin to Hit $13M by 2045, Will Replace Cash & Gold
