#TradeWarEases

The trade war between the US and China is easing, with China lowering tariffs on US goods from 125% to 10%, and the US cutting tariffs on Chinese products from 145% to 30% ¹. This development has led to a mixed reaction in the crypto market, with some analysts suggesting that the news could fuel the next upward leg for Bitcoin.

The easing of trade tensions is expected to have a positive impact on global markets, with some experts predicting increased institutional investment in cryptocurrencies. The crypto market's response to the tariff developments underscores the increasing interplay between crypto and global trade policy.

In terms of the current market situation, Bitcoin has continued to hold above the crucial $104,000 level and is inching closer to the $105,000 mark. Altcoins, particularly memecoins, have also seen significant gains, with some tokens jumping 10-30% in the last 24 hours.

*Key Takeaways:*

- _Easing of trade tensions_: China and the US have agreed to lower tariffs, potentially fueling the next upward leg for Bitcoin.

- _Increased institutional investment_: Experts predict increased institutional investment in cryptocurrencies as a result of the easing trade tensions.

- _Crypto market's response_: The crypto market's response to the tariff developments highlights the increasing interplay between crypto and global trade policy.