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Bitcoin News Update: Crypto Market Surges as US-China Agreement Eases Supply Chain Pressures

Bitcoin News Update: Crypto Market Surges as US-China Agreement Eases Supply Chain Pressures

Bitget-RWA2025/10/30 16:18
By: Bitget-RWA
- U.S.-China trade deal suspends sanctions expansion and rare-earth export controls, easing global market tensions and boosting crypto markets with Bitcoin rising 1.59%. - India secures six-month sanctions waiver for Chabahar Port operations, enhancing regional trade routes while U.S.-China cooperation on blockchain/AI regulation gains momentum. - Analysts warn of fragile truce vulnerability, citing October's $200B crypto crash triggered by tariff threats, as Trump-Xi summit faces pressure to deliver concr

The United States and China have finalized a major trade pact, putting a temporary hold on plans to broaden sanctions against Chinese companies and reducing tensions that had unsettled international markets. The agreement, revealed by China's Ministry of Commerce and confirmed by a

, involves the U.S. postponing its "50% rule" for a year—a policy that would have extended trade bans to subsidiaries of blacklisted Chinese firms. In exchange, China will delay its rare-earth export restrictions for 12 months, helping to prevent interruptions in vital supply chains for sectors such as semiconductors and cryptocurrency mining.

Bitcoin News Update: Crypto Market Surges as US-China Agreement Eases Supply Chain Pressures image 0

This deal signals a turning point in U.S.-China relations. President Donald Trump, speaking at a press event in South Korea, stated that the two countries are "set for a fantastic relationship for many years," a sentiment that

suggested could relieve tariff-related pressures on . The agreement features lower tariffs on Chinese goods linked to fentanyl and a halt to tit-for-tat tariffs, while China has agreed to resume purchasing soybeans from the U.S. These relaxations have already sparked gains in the cryptocurrency sector, with Bitcoin climbing 1.59% to $113,367 and rising 2.7% as global supply chain worries eased, noted.

The U.S. has also extended a six-month waiver on sanctions for India’s operations at Iran’s Chabahar Port, a key center for regional commerce and connectivity. The Ministry of External Affairs confirmed the renewal,

, and also covered the development. reported that India secured the half-year exemption, which enables it to continue using the port to bypass Pakistan and ship goods to Afghanistan and Central Asia. The waiver, which was first introduced in 2018 and later withdrawn, has been reinstated as part of diplomatic moves to support stable trade routes in the region. Talks between India and the U.S. for a more comprehensive trade deal are ongoing, with officials evaluating the effects of recent sanctions on Russian oil firms.

The easing of U.S.-China trade tensions comes as the cryptocurrency market continues to experience volatility. Earlier in October, Trump’s announcement of a possible 100% tariff on Chinese imports led to a steep drop, with Bitcoin falling from $121,560 to under $103,000. The latest agreement has helped restore some market optimism, and analysts, as

pointed out, believe that reduced trade friction could set the stage for Bitcoin to reach new peaks if the Federal Reserve adopts a more accommodative stance. The total value of the crypto market has bounced back to $3.83 trillion, led by recoveries in Bitcoin and Ethereum.

The U.S.-China accord is anticipated to encourage greater collaboration on global supply chains and technology exchange, especially in the fields of blockchain and artificial intelligence. The Basel Cryptoasset Standard (SCO60), now operational, along with China’s digital yuan (e-CNY) projects, underscore the increasing convergence on regulatory approaches.

reported that the thaw in relations is viewed as positive for blockchain technology cooperation and oversight. At the same time, the Chabahar Port waiver highlights India’s pivotal position in regional connectivity, with the port acting as a crucial link in the International North-South Transport Corridor (INSTC).

Despite these encouraging signs, experts warn that the agreement is still delicate. The Trump-Xi meeting in South Korea, though hopeful, faces internal demands for tangible outcomes. Should negotiations break down, market instability could return, as seen in October when tariff threats wiped $200 billion from the crypto market.

raised concerns about the possibility of another sharp downturn in crypto if talks collapse.

In other news, Russia’s oil exports have remained stable, with new sanctions yet to have a noticeable effect,

reported.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Bitget-RWA2025/11/05 12:14

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