#BTC# Bitcoin experienced a drop due to profit-taking above the significant $100,000 level on Tuesday. However, optimism regarding the US-China trade truce continued to provide some support.

The world's largest cryptocurrency dropped 1.9% to $102,363.0 at 09:03 Turkish time.

Bitcoin recorded sharp rises last week, surpassing the 100 thousand dollar level with optimism towards the reduction of trade tensions. Last week it rose above 105,000 dollars.

However, investors took profits ahead of important US inflation data to be released during the day.

Investors are evaluating the US-China tariff agreement and the SEC's plans for new crypto regulations.
The US and China announced on Monday that they agreed to temporarily reduce the high tariffs they have imposed on each other.

The US reduced the tariff imposed on Beijing from 145% to 30%, while China lowered its retaliatory tariff from 125% to 10%. Both reductions will be valid for 90 days.

This announcement was made with a joint statement following the trade talks held in Switzerland over the weekend.

Another development that increases optimism is that President Donald Trump signed an executive order on Monday reducing tariffs on low-value or De Minimis imports from China from 120% to 54%. At the same time, the $100 fixed fee application will continue.

On the regulatory front, investors evaluated the plans of Paul Atkins, the Chairman of the Securities and Exchange Commission (SEC), to introduce new rules for crypto tokens covering various factors including token distributions and exemptions.

Crypto companies are planning to go public in the US in a favorable policy environment.
The cryptocurrency mining company American Bitcoin, founded by Eric Trump and Donald Trump Jr., announced plans to go public through a stock-based merger with Gryphon Digital Mining. The merged company will be traded on Nasdaq.

This move is in line with President Donald Trump's pro-crypto regulatory approach that encourages similar initiatives to enter the U.S. capital markets.

Meanwhile, the Financial Times reported that Hong Kong-based crypto investor Animoca Brands plans to go public in New York on Tuesday.
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