The US-China trade deadlock takes a turn, Bitcoin breaks through $115,000! The MEME sector is fully rebounding 🔥
The US announced a temporary suspension of the 100% tariff on Chinese goods. Once the news broke, Bitcoin surged overnight by 3.6%, strongly breaking through $115,000, and market risk sentiment shifted dramatically!
This turning point occurred in Kuala Lumpur, Malaysia, where the US and China announced after two days of closed-door talks that they had reached a 'very substantive framework agreement'.
The US suspended tariffs, while China delayed rare earth export restrictions, temporarily putting the brakes on over a year of frictions.
📈 Market Reaction
After the announcement of the agreement, major Asian stock markets and commodities rose together.
The total market capitalization of global cryptocurrencies surged by 1.9% to $3.92 trillion, with leveraged shorts being forcibly liquidated at $319 million. Major coins like ETH and SOL rebounded in tandem, and funds clearly flowed back in.
🌍 Risk Sentiment Rebounds → Clear Follow-Up Effect in the MEME Sector
With geopolitical tensions easing, market worries about recession and supply chain disruptions have diminished, reigniting risk appetite.
In this wave of macro optimism, the MEME sector has become a secondary hot spot for capital inflows, with significant short-term gains from DOGE, SHIB to the emerging PEPE and Shiba Inu, etc.
🔍 Key Observations Going Forward
The market focus is shifting towards the upcoming US-China leaders' summit at the end of the year.
If negotiations progress further, trade and supply chain risks may decrease again, and the MEME track is expected to welcome a second wave of capital inflows.
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