Recent days have witnessed a significant breakthrough in the trade war between the United States and China, which has notably affected global markets and cryptocurrency markets, including the Binance platform.
Key developments:
Tariff reduction: The United States announced a reduction in tariffs on Chinese goods from 145% to 30%, while China reduced its tariffs on American imports to 10% for a temporary period of 90 days.
Impact on markets: Bitcoin prices rose to $105,000, with expectations of reaching $110,000 in the third quarter of 2025. Other currencies such as Ethereum (ETH) and Ripple (XRP) also saw significant increases.
Binance, being one of the largest cryptocurrency trading platforms, experienced an increase in trading volume as a result of improved investor sentiment. Renewed interest from institutions and individuals in cryptocurrencies, especially Bitcoin, reflects the growing confidence in the markets after easing tensions.
Despite the current optimism, this easing is temporary and lasts for 90 days. It is important to monitor how negotiations between the United States and China develop during this period, as any setbacks could bring tensions back to the forefront.
