Bitcoin Rises on U.S, China Agree to Cut Tariffs -- Market Talk

Dow Jones

2025/05/12

0759 GMT - Bitcoin rises to a three-and-a-half-month high after news that the U.S. and China have agreed to lower tariffs substantially. U.S. Treasury Secretary Scott Bessent said the two sides had reached a deal for a 90-day pause on tariffs. Reciprocal tariffs are now at 10% each. The news boosts appetite for risky assets including cryptocurrencies. Bitcoin rises to a high of $105,716, according to LSEG. (renae.dyer@wsj.com)

(END) Dow Jones Newswires

May 12, 2025 03:59 ET (07:59 GMT)

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