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Bitcoin surged past $95,000 for the first time since February as investors reacted to shifting US-China trade rhetoric. The rally coincided with mixed altcoin performance and broader market optimism amid tariff rollbacks.
- China's partial tariff rollback on US semiconductors (previously 125%) fueled market optimism despite ongoing trade tensions.
- Bitcoin's surge coincided with a 1.26% Nasdaq gain, though both markets remain below pre-April tariff announcement levels.
- Analysts warn plunging consumer sentiment (lowest since July 2022) could prolong market uncertainty despite crypto's recent rally.
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