$BTC

The U.S. and China have wrapped up high-level trade talks in Geneva, showing “substantial progress” in resolving tensions. Both nations plan to establish a new economic consultation mechanism, with a joint statement expected on May 12. While this signals a potential easing of the trade war, market sentiment remains mixed. Bitcoin and Ethereum are both down over 2%, reflecting lingering uncertainty. As one user noted, “China has come to the table, but this fight is far from over.” Investors are watching closely any shift in policy could ripple across global markets and digital assets.