Here's a brief analysis of Bitcoin (BTC), Ethereum (ETH), and XRP in light of the reported US-China tariff cuts:
Market Context
US and China easing tariffs has sparked optimism in global markets, including #crypto .
Lower trade tensions often lead to a weaker USD and stronger risk appetite, benefiting #cryptocurrencies .
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Bitcoin (BTC)
Price Reaction: Likely led the rally with strong volume as investor confidence grew.
#Resistance : Key levels at $65,000 and $70,000.
Support: Holds strong around $60,000; any macro relief like tariff cuts can help maintain upward momentum.
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Ethereum (ETH)
Price Movement: Gaining traction but possibly lagging #BTC slightly.
Catalyst Watch: Ethereum’s momentum could further grow if BTC breaks resistance.
Key Levels: Resistance at $3,200, support near $2,900.
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Volatility: More sensitive to broader sentiment and ongoing legal/regulatory developments.
Price Action: May benefit from improved sentiment but remains less predictable.
Levels: Watching resistance at $0.60, support around $0.50
