Bitcoin dipped 0.8% to $103,470 by 09:49 ET on Tuesday, as investors took profits following last week’s surge above $100,000 amid optimism over the temporary U.S.–China tariff truce.
Profit-Taking and Trade Truce Support
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After topping $105,000 last week on news of a 90-day pause in U.S.–China tariffs, Bitcoin briefly retraced as traders locked in gains.
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The truce—cutting U.S. tariffs from 145% to 30% and Chinese duties from 125% to 10%—continues to underpin risk assets, including cryptocurrencies.
Inflation Data in Focus
Investors also digested April’s Consumer Price Index, which showed headline inflation easing to 2.3% year-on-year, slightly below expectations. Core CPI held at 2.8%, underscoring persistent underlying price pressures. Any sign of renewed inflation could influence the Fed’s rate path—and by extension, crypto flows.
Regulatory Watch: SEC’s Crypto Rule Plans
On the regulatory front, SEC Chair Gary Gensler (formerly Paul Atkins) outlined proposals for new token-distribution rules and exemptions, adding another variable to market sentiment.
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