#TradeWarEases The trade war between the US and China appears to be easing, with both countries cutting tariffs on each other's goods. China will lower tariffs on US goods from 125% to 10%, while the US will cut its tariffs on Chinese products from 145% to 30%. These reduced tariffs will remain in effect for the next 90 days, giving both nations a window for further trade negotiations.

This development has boosted global sentiment, fueling Bitcoin's rally above $104,000 and potentially setting the stage for further gains. The easing trade tensions have also led to a decline in Bitcoin dominance, signaling a rotation of capital into altcoins. Some notable effects on the crypto market include ¹:

- *Bitcoin's Price Movement*: Bitcoin is holding above $104,000, nearing a key breakout level, with analysts predicting a potential parabolic move based on historical patterns.

- *Altcoin Surge*: Memecoins have surged 10-30% in 24 hours, indicating potential altcoin season ahead amid macro catalysts.

- *Market Sentiment*: The weekly MACD has flipped green, a historically bullish signal, and the weekly RSI remains far from overbought levels, hinting at room for further rally.

Some popular cryptocurrencies to watch include:

- *XRP*: Breaking out of its medium-term downtrend, with potential for long-term investment. Consider buying if it breaks $2.51.

- *Ethereum*: Showing resilience, with some analysts recommending buying in at current prices.

- *SOL*: Experiencing significant price movements, with some traders securing profits.

- *SUI*: Guarded, with potential to break $5 easily.

Keep an eye on upcoming events, such as the US CPI inflation data release, which could influence market sentiment and potentially affect Bitcoin and altcoin prices ¹ ² ³.