š§ Overview of #TradeTalks :
Senior officials from the U.S. (led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Rep. Jamieson Greer) are meeting Chinese counterparts (including Vice Premier HeāÆLifeng) in London to discuss tariffs, rareāearth exports, semiconductor supply chains, and more .
U.S. National Economic Council Director Hassett described the discussions as āpositiveā and āfruitful,ā signaling cautious optimism .
š Market Reactions
Stock Markets: U.S. stocks were mostly flat at the opening, while Asian markets and futures edged higher ahead of the talks .
Cryptocurrency:
Bitcoin climbed ~2%, briefly touching between $106āÆkā$108āÆk on positive sentiment and earlier bullish momentum .
Ethereum returned above $2,500, and #XRP showed modest gainsāMACD indicators remained bullish .
š Why It Matters for Crypto
The linkage between crypto and equities (notably Nasdaq)āÆis evident: positive risk-on sentiment from trade progress tends to lift BTC/ETH prices .
Investor sentiment is being driven by hopes of easing export controls and tariff roll-backs on strategic tech materialsāa boost for the broader crypto ecosystem .
š Market Snapshot
Asset Movement Notes
BTC +2%, ~$108k Bullish run extended post-talks
ETH +1ā2%, >$īØ1876-0īØ 2.5k Recovering with positive MACDīØ
Small gains Signs of stabilization
š What to Watch Next
Second day of talks focused on export controls and rare-earth mineralsāany concrete deliverables could reinforce risk assets .
Macro triggers this week include Mayās CPI (Wednesday) and PPI (Thursday)ācrucial for markets already sensitive to Fed guidance and trade developments .
Crypto momentum: Further gains in equities could sustain BTC/ETH highs, but a lack of progressāor Fed surpriseācould reverse sentiment.
š§© Summary
Progressing #USChinaTradeTalks in London have lifted crypto markets, with Bitcoin reaching $106ā108k.
Talks aim to address wider tech-trade issues, not just tariffs.
Crypto remains correlated with equities, so follow macro data and trade outcomes closely today.