The post Bitcoin, XRP, and Altcoins Poised to Rally Amid US-China Tariff Breakthrough and McGregor’s BTC Stance appeared on BitcoinEthereumNews.com.

Bitcoin and altcoins rally following progress in US-China trade negotiations. Ethereum and XRP rebound sharply from April lows amid renewed market optimism. Conor McGregor calls for an Irish Bitcoin reserve, fueling further bullish sentiment. Bitcoin and the broader crypto market are poised to maintain their upward trend amid favorable developments in ongoing trade talks between China and the U.S. On Saturday, U.S. and Chinese officials met in Switzerland to de-escalate the tariff war, during which both countries had imposed tariffs of over 100% on imports from each other. The initial tariff announcement in April unsettled financial markets, including crypto. However, a relief statement from President Trump later brought renewed optimism. The biggest boost to the crypto market came last week after news broke that the U.S. and China would hold negotiations over the weekend. The talks have since taken place, and early updates have been largely positive. Related: Fed’s Crucial Move Ahead: What’s Next for the U.S. Economy and Bitcoin? “Great Progress” in US-China Trade Talks Specifically, U.S. President Donald Trump praised the trade discussions in Switzerland as a “total reset,” conducted in a friendly and constructive manner. He claimed “great progress” had been made, though he did not provide specific details. The high-stakes meeting in Geneva involved top U.S. and Chinese officials aiming to ease a trade war that has disrupted global markets. While both sides kept most details confidential, they agreed to continue negotiations. China and the U.S. disagreed on who initiated the talks, with China pushing back against what it sees as U.S. interference. Despite modest expectations, the talks were broadly viewed as a positive step forward. Bitcoin, Ethereum, XRP Rally — More Gains Ahead? Notably, the initial announcement of the trade talks saw Bitcoin break the $100K price point. The leading cryptocurrency surged to $104,961 before…

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Filed under: News - @ May 11, 2025 12:12 pm