US-China Trade Deal Could Signal Shift for Global Markets and Crypto
A one-year US-China trade deal was finalized, suspending tariffs and export restrictions, but crypto markets reacted cautiously despite the de-escalation.Summary
On October 30, 2025, Presidents Trump and Xi Jinping finalized a one-year trade deal in South Korea, suspending major tariffs and export restrictions, which followed a massive $19 billion crypto crash on October 11 triggered by escalating trade tensions.
The deal includes China suspending export controls on rare earth minerals and fentanyl precursor shipments, while the U.S. will reduce tariffs on Chinese goods by 10% starting November 10. China also committed to significant annual purchases of U.S. soybeans. Despite this major de-escalation, which typically boosts risk assets, crypto markets showed muted enthusiasm, with Bitcoin trading only slightly higher and the Fear & Greed Index remaining in 'fear' territory.
Observers attribute the caution to unclear details on technology access, a shift in Bitcoin ownership from long-term holders to institutional buyers, looming Federal Reserve policy suggesting a pause in rate cuts, and significant net outflows from spot Bitcoin ETFs following the announcement. While experts see potential for medium-term recovery as geopolitical uncertainty lessens, investors are waiting for sustained implementation before committing significant new capital.
(Source：Brave New Coin)