Trade War Eases: Crypto Market Reacts Positively
On May 12, 2025, the United States and China reached a significant agreement to ease trade tensions by reducing tariffs for a 90-day period. The U.S. will lower tariffs on Chinese goods from 145% to 30%, while China will reduce tariffs on U.S. goods from 125% to 10% .
This development has positively impacted global markets, including the cryptocurrency sector. Bitcoin (BTC) is currently trading at $103,976, reflecting a 0.52% decrease from the previous close. Ethereum (ETH) is at $2,533.47, XRP at $2.46, Solana (SOL) at $174.89, and Cardano (ADA) at $0.826979 .
The easing of trade tensions has reduced market uncertainties, leading to increased investor confidence in risk assets like cryptocurrencies. This shift is evident as Bitcoin's price approaches the $105,000 mark, indicating a potential bullish trend. Analysts suggest that if this momentum continues, we could see further gains in the coming weeks.
Investors are advised to monitor market developments closely, as the 90-day tariff reduction period may influence future market dynamics.
