US and China Reach Positive Trade Negotiations In Malaysia – Crypto Bull Run To Resume?
The crypto market surged on Sunday after US Treasury Secretary Scott Bessent confirmed that Washington and Beijing had reached a “framework” agreement to avert the 100% tariffs on Chinese goods threatened earlier this month by President Donald Trump.
Bitcoin rose 1.8% to trade above $113,600, while Ethereum climbed past $4,040. The total crypto market cap recovered to $3.88 trillion, reflecting renewed investor confidence following weeks of tariff-driven volatility.
Bessent said that after two days of negotiations in Malaysia with China’s International Trade Representative Li Chenggang, both sides agreed on a preliminary plan to prevent the tariff escalation and pave the way…
