$BTC U.S.–China Trade Deal Sparks Market Optimism: Crypto Reacts

The United States and China have concluded two days of high-level trade talks in Geneva, resulting in significant progress and a new consultation mechanism. A joint statement, expected on May 12, marks a step toward reducing tariffs and easing trade tensions.

The positive sentiment has rippled through global markets, with U.S. stock futures rising and the S&P 500 rebounding. The crypto market is also reacting: Bitcoin dominance is declining, ETH/BTC is gaining strength, and investor focus is shifting toward altcoins—hinting at a potential “Altseason 2.0.”