Trade Truce Between the U.S. and China Boosts Optimism in the Cryptocurrency Market!
The cryptocurrency market experienced a significant rise following the 90-day trade truce agreement between the United States and China. This pause in the trade war generated optimism in financial markets, pushing Bitcoin above $104,000 and Ethereum above $2,500, with other altcoins following the trend. Analysts suggest that the reduction of trade tensions improves macroeconomic sentiment and could influence monetary policies favorable to risk assets. Additionally, the decrease in tariffs could benefit cryptocurrency mining and foster technological collaboration in blockchain between both countries. The market reacted positively to the prospect of global economic stability, anticipating sustained growth in the digital asset sector.