Crypto Daybook Americas: Tariff Cut Lifts Bitcoin as Market Readies for Further Gains

By James Van Straten (All times ET unless indicated otherwise)Tariff developments remain at the forefront of global economic news, with bitcoin (BTC) surging past $105,000 for a while following the surprise announcement that the U.S. will reduce tariffs on Chinese goods to 30% from 145% for 90 days. In return, China will lower tariffs on U source: https://www.coindesk.com/daybook-us/2025/05/12/crypto-daybook-americas-tariff-cut-lifts-bitcoin-as-market-readies-for-further-gains