$BTC

Bitcoin and altcoins, on the verge of rebounding after the tariff agreement between the US and China.

The constructive tone of the tariff negotiations eliminates the risks of a "sudden escalation", which could pave the way for risk assets to surpass their January highs, according to analysts.

A 90-day tariff agreement between the US and China may lay the groundwork for a broader recovery in equity and cryptocurrency markets, as investors await a potential fiscal stimulus package.

The White House announced on May 12 that both countries will reduce their respective tariffs to 10% for an initial period of 90 days starting May 14, which represents a 24% cut from current levels.