Bitcoin initially surged to over US$105K after the US-China tariff truce but dropped to US$102K following the announcement.
Crypto markets declined with total market cap falling 3% to US$3.4T as the dollar strengthened and stocks rallied.
Gold also dropped 3.4% as traders shifted into equities, reducing demand for defensive assets.
The market reaction to the US-China tariff truce left many surprised as Bitcoin and gold prices fell despite a positive interpretation of the agreement.