#TradeWarEases The hashtag #TradeWarEases is trending as the U.S. and China have agreed to a 90-day truce, reducing tariffs from 145% to 30% on Chinese goods and from 125% to 10% on U.S. products. (AP News) This de-escalation has positively impacted global markets, including cryptocurrencies.

Bitcoin (BTC) briefly surged to $105,500 before stabilizing at $103,957, while Ethereum (ETH) rose to $2,556.86. Other altcoins like XRP and Solana also saw gains. The market capitalization of cryptocurrencies has increased by nearly 4.5% to $2.89 trillion, indicating renewed investor confidence. (Invezz)

Despite the positive momentum, analysts caution that profit-taking and potential geopolitical uncertainties could introduce volatility. (Barron's) Nevertheless, the easing of trade tensions has provided a temporary boost to the crypto market.

Barron's

Reuters

AP News