#TradeWarEases **Crypto Markets Surge as US-China Trade War Eases**
In a significant development, the United States and China have agreed to a 90-day pause in their ongoing trade war, announcing substantial tariff reductions: U.S. tariffs will decrease from 145% to 30%, and China's from 125% to 10%. This de-escalation has bolstered investor confidence, leading to notable gains in the cryptocurrency market.
Bitcoin$BTC (BTC) has surged past \$100,000, currently trading at \$104,581, reflecting a 0.71% increase. Ethereum$ETH (ETH) has also experienced a significant uptick, trading at \$2,574.94, up by 3.74%. Other major cryptocurrencies like BNB, XRP, and Cardano have seen positive movements as well.
The easing of trade tensions has not only impacted cryptocurrencies but also led to a rally in global stock markets and commodities. Analysts suggest that while this agreement is a temporary reprieve, it provides a window for more comprehensive negotiations, potentially leading to long-term economic stability.
As the situation evolves, investors are advised to stay informed and consider the broader economic implications of these developments on the crypto market.
