The much-anticipated meeting in Geneva between delegations from the United States and China to discuss a trade agreement and resolve the outstanding dispute finally took place. The outcome of the meeting had a clear impact on financial markets, including the crypto market.
However, despite the initial positive statements from both sides, cryptocurrencies saw a slight decline, while the Santiment platform issued warnings urging investors to exercise caution, given the uncertainty surrounding the actual details of the agreement.
The official White House statement included indications of progress in the talks, with US Treasury Secretary Scott Besant stating that the negotiations were very productive and that President Trump and Ambassador Jameson were fully informed of their outcomes, with promises to provide additional details soon.
For his part, US Trade Representative Ambassador Jameson Greer noted that these talks come in the context of the US administration's declaration of a national emergency, which is based on a massive trade deficit estimated at $1.2 trillion. He emphasized that the anticipated agreement would contribute to addressing this imbalance.
In contrast, financial markets registered positive initial responses, particularly in Asia and the United States, with expectations growing that tariffs will not pose a significant obstacle to investment.
According to Santiment's analysis, the debate over tariffs has increased significantly, coinciding with a relative recovery in the market.
Bitcoin's price initially rose to $105,000 before losing some momentum and returning to lower levels, while altcoins with large market capitalizations suffered limited losses throughout the day.
Santiment concluded its assessment by stressing the need for caution until the agreement is fully understood, while warning against the risks of overreacting to uncertain forecasts in an environment saturated with volatility.
