Bitcoin, Ethereum, XRP Analysis: Crypto Market Rallies as US, China Slash Tariffs

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Bitcoin (BTC), Ether (ETH), XRP (XRP), and the broader crypto market rallied on May 12, after the US and China agreed to de-escalate the trade war that has rattled global markets in recent months.

BTC’s price jumped 1.50% to reach over $105,700, while ETH and XRP rose 4.38% and 3.72% to hit $2,625 and $2.45, respectively. The total crypto market capitalization climbed 2.50% in the same period, touching the $3.28 trillion mark for the first time since February 2025.

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