$BTC Optimism returns to dominate the crypto market, driven by the tariff agreement between the two largest economic powers in the world and the expectation of favorable inflation data in the US. Bitcoin reached a nearly four-month high surpassing $105,000 but then cut gains and fell nearly 2% to $102,000, according to Binance, while Ethereum is at $2,400.

The altcoins that managed to trade with increases of up to 40% are slowing down, but the rise of Ripple by more than 7% and Hedera (3.8%) stands out. Meanwhile, Hedera, Chainlink (-2.2%), and Hyperliquid (-1.8%) fall by up to 2.6%.

This renewed appetite for risk in the crypto universe is explained, to a large extent, by the relief in trade tensions between the US and China. Both nations agreed to a temporary reduction of 115% in their reciprocal tariffs for 90 days: The United States will lower its tariffs from 145% to 30%, and China will reduce its tariffs from 125% to 10%, as confirmed in a joint statement following negotiations held in Switzerland.