#TradeWarEases
The recent easing of trade tensions between the US and China has positively impacted the global market, including cryptocurrencies. Here's what's happening:
*Key Developments:*
- *Tariff Cuts:* China will lower tariffs on US goods from 125% to 10%, while the US will cut tariffs on Chinese products from 145% to 30%. These reduced tariffs will remain in effect for 90 days.
- *Market Reaction:* Global equities and commodities have welcomed the move, while the crypto market showed a mild reaction. Bitcoin, however, continues to hold above $104,000, nearing a potential breakout.
- *Bitcoin's Next Move:* Analysts predict a potential parabolic move for Bitcoin, citing its historical bull market cycle and bullish signals like the weekly MACD flipping green.
- *Altcoin Surge:* Altcoins, particularly memecoins, are surging 10-30% in 24 hours, signaling potential altcoin season ahead ¹.
*Cryptocurrency Impact:*
- *Increased Investor Sentiment:* Reduced trade tensions boost investor sentiment, fueling Bitcoin's rally and setting the stage for further gains.
- *Altcoin Season:* Falling Bitcoin dominance signals funds shifting to altcoins, potentially heralding the start of an altcoin season.
*Market Outlook:*
- *Upcoming Events:* The US CPI inflation data release tomorrow could influence market sentiment and potentially affect Bitcoin and altcoin prices.
- *Expert Predictions:* Some analysts predict Bitcoin could reach $400,000, while others foresee a surge to $112,000-$116,000 within 48 hours ¹ ².
