Bitcoin Fails to Rally on US-China Truce; What’s Next for Price?
The post Bitcoin Fails to Rally on US-China Truce; What’s Next for Price? appeared on BitcoinEthereumNews.com.
The US-China tariff conflict, a major source of market anxiety throughout October, was resolved. Despite this positive development, Bitcoin failed to rally last week, posting a 1.72% weekly decline. The crypto market’s failure to respond to clear positive news signals a profound weakening of its upward momentum. Ethereum fell 2.55% for the week, while Solana (SOL) also declined 4.76% over the same period. Sponsored Sponsored Geopolitical Gains vs. Crypto Slump The crucial period for crypto investors was between October 29 and 30. This timeframe encompassed the Federal Reserve meeting and the high-stakes summit between US President Donald Trump and Chinese President Xi Jinping. China acquiesced to three significant US demands, including a one-year delay on rare earth export restrictions and the resumption of US soybean imports. As a result, the US-China summit yielded considerable clarity. In exchange, the US agreed to reduce the overall tariff rate on China from 57% to 47%. The leaders also agreed to reciprocal visits next year. The resolution was immediately reflected in traditional safe-haven assets. For example, the price of gold, which had surged after the tariff conflict escalated on October 10, retreated to its pre-escalation level of approximately $3,990 per ounce by the weekend. The Nasdaq 100 Index, a key risk-asset proxy, rose approximately 2.7% from its October 10 low. The dissolved geopolitical risk and strong corporate earnings buoyed this gain. Yet, Bitcoin’s price has struggled significantly. As of Sunday evening UTC, Bitcoin traded near $110,000, a 9.4% drop from its price on October 10. On-chain analysts attribute Bitcoin’s weak trajectory to the loss of momentum triggered by the October 10 crash. This event saw approximately $19 billion in leverage liquidated from the derivatives market, depleting the primary fuel for the recent rally. Sponsored Sponsored Powell’s Warning Overrides Trade Truce The other significant event…
Filed under: News - @ November 3, 2025 1:18 am