According to Crypto Rover, Bitcoin is experiencing a strong price surge following China's decision to reduce cryptocurrency import tariffs from 125% to 10% (source: Crypto Rover on Twitter, May 12, 2025). This significant policy shift is driving increased trading volumes and renewed bullish sentiment, with traders positioning for potential new all-time highs. The dramatic reduction in tariffs is expected to boost institutional and retail demand in Asia, solidifying Bitcoin’s momentum in global markets. Traders are advised to monitor order book depth and volatility as liquidity inflows from China may drive sharp price movements.

According to Crypto Rover, the US is reportedly weighing a plan to reduce tariffs on Chinese imports from the current 145% down to as low as 50% as early as next week, as cited by the New York Post (source: Crypto Rover on Twitter, May 9, 2025). This potential tariff cut is expected to trigger further bullish momentum in both traditional and crypto markets. Lower tariffs could reduce inflationary pressures, improve global trade sentiment, and boost risk-on assets, including Bitcoin, Ethereum, and altcoins. Traders should monitor official US policy announcements, as confirmation of this plan could accelerate capital inflows into the cryptocurrency sector and trigger a sustained rally.