US-China Trade Truce Spurs Bitcoin; Key Week of Events Looms
The post US-China Trade Truce Spurs Bitcoin; Key Week of Events Looms appeared on BitcoinEthereumNews.com.
The cryptocurrency market is experiencing a significant uplift, driven by easing tensions between the United States and China. The market’s resilience suggests that the immediate nightmare of a renewed tariff war may be receding. The focus now shifts to high-stakes diplomatic and economic meetings throughout the week, primarily at the APEC summit in Korea. Sponsored Following the working-level discussions, which concluded Sunday in Kuala Lumpur, Malaysia, the US and China signaled that a framework agreement on major trade issues is nearing completion. The two nations are considering a one-year delay in China’s export controls of rare earth materials, which is the primary point of recent friction. In return, the US is expected to hold off on imposing the threatened 100% additional tariffs on Chinese goods. China also agreed to increase imports of US soybeans and agricultural products. In exchange, the US pledged to review the relaxation of specific export controls and the adjustment of port fees imposed on China. Following the news, the Bitcoin price immediately rose by about 2%. As of Sunday 14:00 UTC, it was trading at $113,450, up 1.62% from the previous day. The market reacted immediately to the news. This underscores the relief over resolving the 100% tariff threat, which had been a significant constraint on asset prices. Altcoins that had lagged due to geopolitical uncertainty, such as HYPE (+6.67%) and WLFI (+7.33%), also saw sharp increases. Sponsored As a result, Bitcoin surged by 6.07% over the past week, reclaiming the $113,000 level, with altcoins quickly following suit. According to CoinGecko data, Ethereum (ETH) climbed 4.52%, and Solana (SOL) gained 5.94%. Whales Accumulate as Sentiment Shifts The shift in US-China sentiment was swift. Last Thursday, US Treasury Secretary Scott Besent discussed additional software export controls as a potential retaliatory measure. However, on-chain data from the Santiment on-chain…
Filed under: News - @ October 26, 2025 11:09 pm