US-China Trade War To End – Will Crypto Market Rally?
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.
No Trade War Between the US and China
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 for further talks.
