US and China Reach Positive Trade Negotiations In Malaysia – Crypto Bull Run To Resume?
The crypto market surged after the US and China agreed on a framework to avert 100% tariffs threatened by President Trump.Summary
The crypto market experienced a significant surge, with Bitcoin rising above $113,600 and Ethereum past $4,040, after US Treasury Secretary Scott Bessent confirmed a "framework" agreement with China in Malaysia to prevent 100% tariffs threatened by President Donald Trump. This positive development signals a potential end to tariff-driven market volatility that previously caused major drops in both traditional and digital markets, including a $200 billion crypto market cap wipeout. Bessent credited Trump's tariff threat for providing negotiating leverage, and the leaders are expected to finalize details in South Korea soon. The rebound underscores the strong link between macroeconomic policy, geopolitical risk, and cryptocurrency market sentiment.
(Source：BeInCrypto)