#TradeWarEases The trade war between the US and China has shown signs of easing, with both countries cutting tariffs. China has lowered tariffs on US goods from 125% to 10%, while the US has reduced its tariffs on Chinese products from 145% to 30%. These reduced tariffs will remain in effect for the next 90 days, allowing both nations to engage in further trade negotiations.

This development has boosted global sentiment, with Bitcoin holding above $104,000 and nearing a key breakout level. The easing of trade tensions has also led to a surge in altcoins, particularly memecoins, which have jumped 10-30% in the last 24 hours. Analysts believe that Bitcoin's current price movement is ahead of the announcement, and the news could fuel the next upward leg.

Some key points to watch ¹:

- *Bitcoin Price*: Holding above $104,000, nearing $105,000

- *Altcoin Movement*: Memecoins surging 10-30% in 24 hours

- *Trade Negotiations*: US and China engaged in further talks within the next 90 days

- *Market Sentiment*: Global equities and commodities welcoming the move, with crypto market showing mild reaction

Additionally, upcoming events like the US CPI inflation data release tomorrow may influence market sentiment and potentially affect Bitcoin and altcoin prices.