US-China Trade Truce Boosts Crypto Market and Global Stocks

After two days of talks in London, the United States and China officials have agreed to restore a truce, fueling a crypto market boost. This decision has helped calm global tensions and bring hope to the markets. Both countries agreed to return to the Pre-Liberation status quo . This means they will go back to the way things were before recent conflicts. Following this deal, the crypto market went up. Bitcoin (BTC) rose again to around $110,000. Ethereum (ETH) also grew strongly, reaching the $3,000 mark. US and China Reach Trade Deal Framework Talks that began on Monday led to an agreement by Wednesday, as officials from both the US and China confirmed they had found common ground. US Commerce Secretary Howard Lutnick said the two countries had agreed on a basic framework that would begin once both presidents gave their final approval. He explained that the first step was to remove negativity so progress could follow. China’s Vice Minister of Commerce also said that both sides had settled on steps to implement the deal. Key parts of the agreement include China lifting limits on rare earth exports and the US easing some export bans. The deal will move forward once both Presidents review and approve it. Crypto Market Reacts Strongly The news of the truce sparked a strong reaction in the crypto market. The flagship crypto climbed higher , reaching near its all-time high. This price increase has sparked optimism among coin supporters with BTC up 2.2% to $109,572 On June 11, Strategy’s Chairman, Michael Saylor, said that the digital gold could reach the $1 million price mark, claiming the crypto winter is over. Ethereum increased by 5.5% in just 24 hours and is now trading at $2,772. Many traders believe it may soon cross the $3,000 level. Altcoins and decentralized finance (DeFi) coins also saw big gains. Some DeFi tokens recorded double-digit increases. If this trend continues, the total market value of altcoins, excluding Bitcoin, could rise from $857 billion to $1.7 trillion. Stock Market Also Shows Growth The optimism was not limited to cryptocurrencies. US stock markets also showed strong signs of growth. Dow futures grew by 100 points. Also, major stocks like Tesla rose 2.3% during pre-market trading on June 11. This strong crypto market response reflects investors’ renewed confidence in the crypto and financial market. The agreement between the U.S. and China is a major step toward better relations. It has already helped lift financial markets. If the president approves the deal soon, it could lead to further growth in crypto and stock markets. The post US-China Trade Truce Boosts Crypto Market and Global Stocks appeared first on TheCoinrise.com .

Source: The Coin Rise