{"content":"BTC Settles at $103K — Smart Money Gears Up for the Next Leg? Bitcoin stabilizes at $103,000 on Friday following numerous rejections around $105,000 this week. Global trade negotiations, corporate accumulation, and spot ETF inflows fuel risk-on mentality. After numerous failures at the $105,000 resistance mark this week, Bitcoin (BTC) stabilizes around $103,000 on Friday. Global trade treaties between the US and other nations, corporate accumulation, and spot ETF inflows fuel risk-on attitude. Crypto traders should be wary as bankrupt exchange FTX announces its second batch of repayments, which might cause volatility. A 90-day tariff reduction accord between the US and China reduced US taxes on Chinese products from 145% to 30% and Chinese levies on US goods from 125% to 10% on Monday. The deal followed high-level Geneva meetings headed by US Treasury Secretary Scott Bessent, Trade Representative Jamieson Greer, and Chinese Vice Premier He Lifeng. Last Thursday, the US and UK reached a trade pact. Both settlements reduce global trade tariff tensions and uncertainty, enhancing investors' confidence and risk-on attitude for Bitcoin. The QCP's capital report this week noted “a rollback in tariffs and sparking a fresh wave of risk-on sentiment,” boosted by surprisingly upbeat US trade diplomacy. Washington and Saudi Arabia finalized a major $600 billion trade deal Tuesday. During the same time, US Consumer Price Index (CPI) data was below forecasts, supporting Fed interest rate decrease bets. The central bank looks worried about tariffs' long-term consequences on inflation and employment. We think September is more likely given the Fed's demand for clarity. The first reduction is priced in for July. QCP analysts said market pricing has shifted, with two rate cuts predicted for 2025, down from four a month earlier. Bitcoin has ranged between $100,700 and $105,000 this week despite strengthening macro conditions and reducing global trade tensions. #CryptoCPIWatch #CryptoRegulation #EthereumSecurityInitiative $BTC ","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025052025/05/16/8bc8b847dfc74fadbb9cd29869ac6170.png"],"tags":[],"tradingPairs":["BTC/USDT"],"quotearticleid":0}