Bitcoin Updates: Cryptocurrency Markets Surge Following U.S.-China Trade Ceasefire, Yet Uncertainty Surrounds the Delicate Agreement
This week, the United States and China established an initial trade agreement, alleviating concerns over global supply chains and fueling a surge in the cryptocurrency sector.
This easing of trade tensions has increased investor risk appetite, sending Bitcoin above $113,000 for the first time in ten days and
However, the stability of the agreement is still uncertain. The upcoming Trump-Xi meeting in South Korea is seen as crucial, with analysts warning that a breakdown could bring renewed market instability, according to
From a technical perspective, Bitcoin faces resistance at $117,600; surpassing this level could drive
These trade negotiations are also intertwined with larger economic trends. The Federal Reserve’s meeting on October 29 is approaching, with markets almost certain of a 25-basis-point rate cut. Easing tensions between the U.S. and China could further boost liquidity-driven rallies in risk assets, including cryptocurrencies. Nevertheless, Congress has cautioned Trump against loosening export restrictions on advanced AI chips such as Nvidia’s Blackwell, citing concerns over potential military use by China, as reported in
While optimism is growing, obstacles remain. The upcoming APEC summit in November will be a key test for the trade agreement’s resilience, and unresolved geopolitical issues—like China’s rare earth export policies—continue to pose risks. For now, traders are betting on continued stability, with Bitcoin holding above $113,500 and altcoins such as Hyperliquid (HYPE) jumping 14.6%, according to
