#TradeWarEases

The US-China trade war has eased as both countries agreed to slash tariffs on each other's goods for 90 days. Here's what's happening ¹ ²:

- *Tariff Cuts*: The US will cut tariffs on Chinese imports from 145% to 30%, while China will reduce its tariffs on US goods from 125% to 10%.

- *Trade Negotiations*: Both countries will continue discussions on economic and trade relations, potentially leading to increased institutional investment in cryptocurrencies.

- *Market Impact*: The easing of trade tensions has boosted global sentiment, with Bitcoin holding above $104,000 and altcoins surging 10-30% in 24 hours.

- *Cryptocurrency Implications*: Reduced trade tensions may lead to increased Bitcoin trading volumes and investment shifts toward crypto assets, potentially driving prices up.

- *Upcoming Events*: The US CPI inflation data release tomorrow could sway market sentiment and influence Bitcoin and altcoin prices.

This development has sparked optimism in the cryptocurrency market, with some analysts predicting a potential breakout for Bitcoin and altcoins. However, it's essential to monitor market dynamics and upcoming events for further insights ¹ ³.