- US explores cutting China tariffs to 50%–65%, easing trade tensions.
- Tether-SoftBank’s $3.6B venture fuels optimism in crypto markets.
- Bitcoin hits $94,700, with $100K possible if $95K breaks.
Financial markets worldwide showed strong growth due to investor expectations that US-China trade tensions would decrease. Bitcoin reached its highest point in seven weeks thanks to a significant investment from Cantor Fitzgerald, which was accompanied by investments from Tether and SoftBank.
US-China Trade Tensions Ease, Markets React
The United States government has started to review potential Chinese import tariff reductions that fall between 50% and 65%. According to a White House statement, China faced 245% tariffs since they initiated retaliatory measures after the U.S. imposed 145% tariffs before China applied 125% tariffs.
President Donald Trump initiated a three-month window during which other nations could establish trade solutions to address current trade deficiencies. Market sentiment strengthened across all financial classes because the potential tariff reduction led to a global market recovery.
Bitcoin functions as the leading cryptocurrency that has experienced growth through rising market attitudes. Bitcoin retained an 11.09% weekly rise despite its 0.33% value decrease in the previous day. The cryptocurrency demonstrates resistance at $95,000 and supports a level of $90,000 while the 200-day simple moving average rests at $88,690 according to CryptoQuant data.
The spot ETF investments of Bitcoin reached their second-highest value ever with $3 billion during the week of April 26. Bitcoin experienced its first fully positive weekly performance after five weeks of negative momentum, which boosted institutional investor confidence.
Twenty One Capital Drops $1.6B on Bitcoin with Tether, SoftBank Powering the Surge
Cantor Fitzgerald partnered with Tether and SoftBank to launch Twenty One Capital as a $3.6 billion cryptocurrency business which purchased Bitcoin on April 23. With the initial Bitcoin acquisition of 42,000 coins the new venture plans to establish a Bitcoin treasury ranked number three globally at $85,000 Bitcoin price.
The Tether and Bitfinex investment group has obtained control of most company shares after investing $1.6 billion in Bitcoin holdings.Additionally, Bitfinex committed $600 million to the transaction, which resulted in SoftBank acquiring a minority interest worth $900 million from the exchange platform. The corporations have devised strategies to generate an additional funding of $585 million through convertible bonds and equity financing activities inside their operations.
The venture will go public on the Nasdaq under the symbol “XXI,” following a merger with Cantor Equity Partners, a blank-check vehicle. This development under Brandon Lutnick’s leadership extends the business relationship between Tether stablecoin and its parent company, Cantor Fitzgerald.
Ardoino from Tether explained Bitcoin remains untouchable and decentralized thus enabling it to build future financial systems. Through its ownership of 99% of U.S. Treasury bills, Cantor Fitzgerald oversees Tether’s operating reserves in order to optimize their joint business operations.
Twenty One Capital aims to duplicate MicroStrategy’s success by owning the most Bitcoin in corporate assets, presently holding 538,200 units on April 20. The venture reflects growing institutional adoption of cryptocurrencies, spurred by expectations of favorable U.S. policies under President Trump, who has pledged to make the U.S. the “crypto capital of the world.”
