The easing of US-China trade war tensions, with the US significantly lowering tariffs on Chinese goods and China agreeing to suspend retaliatory measures for 90 days, has injected optimism into the crypto market. Bitcoin has surged past $104,000, and Ethereum has climbed above $2,500, reflecting a broader "risk-on" sentiment.
Lower tariffs could alleviate inflationary pressures, potentially leading the Federal Reserve to consider easing monetary policy. This environment often favors risk assets like cryptocurrencies. The Crypto Fear and Greed Index has also risen sharply, indicating increased investor confidence and a fear of missing out (FOMO), which could further fuel market gains across various altcoins.
