Crypto markets rise on US-China detente – DL News
- Crypto markets rose on Sunday amid reports the US and China would not follow through with planned tariffs and export controls.
- Those threats sent crypto markets tumbling earlier this month.
- But the deal has yet to be finalized.
Crypto markets jumped on Sunday amid reports the US and China made progress in high-stakes trade negotiations.
Bitcoin and Ethereum rose 1.6% and 2.8%, respectively, as officials said the two countries were unlikely to follow through with threats to impose sky-high tariffs and export controls.
“I would expect that the threat of the 100% [tariffs] has gone away, as has the threat of the immediate imposition of the Chinese initiating a worldwide export control regime,” US Treasury Secretary Scott Bessent told CBS…
