#TradeWarEases The easing of the trade war between China and the US has brought a boost to global markets, including cryptocurrencies. Here's what's happening¹:

*Key Developments:*

- *Tariff Cuts:* China will lower tariffs on US goods from 125% to 10%, while the US will cut its tariffs on Chinese products from 145% to 30%. These reduced tariffs will remain in effect for the next 90 days.

- *Bitcoin's Response:* Bitcoin has held above $104,000 and is inching closer to $105,000. Analysts believe this news could fuel the next upward leg in Bitcoin's price.

- *Altcoin Surge:* Altcoins, particularly memecoins, are surging 10-30% in 24 hours. This is likely due to the decline in Bitcoin dominance, signaling a rotation of capital into altcoins.

*Market Impact:*

- *Global Sentiment:* Reduced trade tensions have boosted investor sentiment, fueling Bitcoin's rally above $104,000.

- *Upcoming Events:* The US CPI inflation data release tomorrow could sway both equity and crypto markets.

- *Technical Analysis:* Bitcoin's weekly MACD has flipped green, a historically bullish signal, and the weekly RSI remains far from overbought levels, hinting at further gains.

*Traders' Insights:*

- Some analysts anticipate a potential parabolic move in Bitcoin's price, citing its typical 1,100-day bull market cycle.

- Others see the decline in Bitcoin dominance as a sign of an impending altcoin season.