US-China trade easing may support bullish momentum in crypto assets closely tied to global commerce, such as XRP, LINK, VET, and BTC.
These four cryptocurrencies stand to benefit from increased institutional and business use cases amid improving international trade conditions.
According to recent reports, the United States and China have recently agreed to ease trade tensions by removing some export limits and tariffs. Previously, Crypto News Flash (CNF), in an analysis report, questioned whether the surge in crypto prices driven by US-China trade progress was a classic âBuy the rumor, sell the newsâscenario.
Here, in this article, we will discuss that four cryptos are worth watching as US-China trade tensions easeâXRP, LINK, VET, and BTCâstand to benefit, particularly in light of this recent agreement between the United States and China.
đžBitcoin (BTC): The Market Leader
First of all, Bitcoin is always a top crypto to watch. Investors see it as a safe bet during uncertain times. With positive news from trade talks and renewed interest in Bitcoin ETFs, BTC could stay strong or even climb higher. As Barronâs recently highlighted:
Bitcoin price rose early Wednesday as hopes of a de-escalation in trade tensions between the U.S. and China lifted cryptocurrencies.
As of now, BTC is trading at $107,159.76USD, reflecting a 1.65% increase over the past week.
đžChainlink (LINK): Powering Smart Trade Deals
Secondly, As supply chains grow more digitalâespecially with smoother US-China tradeâLINK could be used to track goods and confirm deals in real time.
As of now, LINK is trading around $14.23, reflecting a 2.27% increase over the past week. Experts believe it could grow much higher if blockchain-based trade tools become more common.
đžRipple (XRP): Ready for Global Payments
Lastly, Rippleâs XRP could also possibly benefit the most. XRP is used for fast, low-cost money transfers across borders. As earlier this week, CNF highlighted that XRP trading volume climbed 27% due to this development.
As of now, XRP is trading around $2.23, up 0.87% in the past week, holding steady despite recent market dips. If demand for global payment tools grows, XRP could move even higher. See XRP price chart below.
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