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After months of tensions of trade, the United States and China agreed to a 90 -day break in their trade war after a two -day meeting in Geneva. The prolonged conflict has already influenced financial markets, including crypto.
In short
- The United States and China are suitable for suspension of trade war for 90 days and price reduction.
- Bitcoin exceeds $ 104,000, while Haussiers de la Crypto enters the scene.
- The Crypto Market Feel flies with an index of fear and greed in 70
The United States will reduce the prices of Chinese imports from 145 % to 30 %. This is followed by the decision to suspend the current prices for 90 days on the basis of an agreement concluded by both parties. In a joint statement, both countries said they wanted to build a solid and sustainable commercial partnership.
China also agreed to reduce its prices of American products and bring them from 125 % to 10 %. It will also eliminate other prices stored at the beginning of this year. This temporary reduction is a sign of progress in calming the store tension. China also agreed to suspend retaliation, which set out in response to price increases. She said:
Accept all administrative measures necessary for suspension or removal without lime reference measures taken from the United States since 2 April 2025.
A system will also be set up to continue discussions about their economic and commercial relations. These discussions will be carried out by representatives of both parties: Lifeng, Vice -President of China, will represent China; The United States will be represented by Scott Bessnt, the US Secretary of the Ministry of Finance and Jamieson Greer, the United States sales representative.
According to Mutual Agreement, meetings in China, the United States or a third country will be held. They wrote:
After taking these measures, the party will create a mechanism that will continue discussions on economic and commercial relations. The Chinese representative of these discussions will be Lifeng, the Deputy Prime Minister of the State Council and the US representatives will be Scott Bessnt, Secretary of the Ministry of Finance and Jamieson Greer, the United States sales representative. These discussions may take place alternately in China and the United States or in a third country by agreement of parties. If necessary, both parties will be able to consult at the operating level on the relevant economic and commercial issues.
Many see this price reduction as a positive development. Trade wars are often associated with tariff decisions, and this break pleased the hope of a more fluid trade between the two nations.
Could a commercial ceasefire stimulate crypto growth and alleviate inflation?
The crypto market responded positively to this latest development. Bitcoin climbed over $ 104,000, which meant its highest price in the months, while Ethereum returned over $ 2,500. Dogecoin has also seen an increase of 10 % in the last 24 hours.
The letter Kobeissi, publishing comments on the market, noted that NASDAQ term contracts increased by 3 %in response to this report.
Commercial peace is often good news for crypto. Price illumination could slow inflation, which could lead the federal reserve to consider the decline in interest rates. And lower rates generally stimulate interest about risk assets such as bitcoins. This could prepare the BTC soil to reach or even exceed its historical record of $ 109,000, which caused a training effect on other altcoins.
In addition, the crypto index of fear and greed has risen to 70 %, which indicates an increase in investors optimism and increase Fomo (fear of missing). This could push the crypto feeling even higher and keep the market in the bull territories.
According to a weekly report published by Bybit, most recently, when Bitcoin last exceeded $ 100,000 for the first time since February, this was influenced by a business agreement between the United States and the United Kingdom. This suggests that a solid agreement with China could have an even greater impact on the crypto market.
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IFOLOWA specializes in writing and marketing Web3, with more than 5 years of experience in creating bright and strategic content. In addition, it trades in crypt and is qualified in performing technical, basic and chains.
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.