US-China Trade Tensions Ease, ETF Inflows Continue to Boost Crypto Market
As US-China trade tensions show signs of easing and ETF inflows continue, the cryptocurrency market maintains its bullish trend.
Bitcoin (BTC) rose 1.56%, reaching $94,939.69 at its peak, but slightly dropped afterward.
Ethereum (ETH) saw a 2.09% increase, hitting $1,800.05, breaking free from previous stagnation.
Among the top 10 altcoins, BNB, Solana (SOL), and Dogecoin (DOGE) saw price increases, while XRP, Cardano (ADA), and Tron (TRX) declined.
US-China Developments
President Donald Trump shared in interviews that he had several conversations with Chinese President, although China denied this claim.
In a positive trade move, China quietly removed the 125% tariff on US semiconductor integrated circuit products.
ETF Inflows Driving Market Bullishness
Bitcoin spot ETFs saw a $442 million inflow on April 25, marking five consecutive days of inflows.
Ethereum ETFs experienced a $63.49 million inflow, reversing the previous day’s downturn.
This easing of trade tensions and continuous ETF fund inflows are propelling Bitcoin and the broader cryptocurrency market into a strong uptrend.
