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Crypto Market Surges as US China Trade Deal Ends Long-Standing War

  • The crypto market surged following the finalization of a comprehensive trade agreement between the United States and China, ending the long-standing trade war.
  • The trade deal led to significant gains in Bitcoin, Ethereum, and altcoins, with institutional investors reallocating capital into risk-on assets, including crypto.
  • Bitcoin is trading around $109,400, showing a 3% increase in the past 24 hours amidst renewed optimism and macro clarity.
  • Ethereum outperformed Bitcoin, rising over 14% to surpass $2,700, driven by speculation of a spot Ethereum ETF approval and strong staking data.
  • Altcoins like Solana, Avalanche, and XRP also experienced gains, fueled by ETF narratives and institutional utility, with meme coins like DOGE and PEPE seeing increases.
  • Institutional sentiment turned risk-on with crypto funds attracting nearly $7 billion in inflows over the last 30 days, reaching an all-time high of $167 billion in AUM.
  • The end of the trade war provides clarity on macro conditions and allows institutions to rotate back into risk assets like Bitcoin and Ethereum.
  • The outlook is positive, with the rally potentially entering a new bullish phase if the peace holds and CPI data confirms cooling inflation in the US.
  • However, caution is advised as potential fakeouts could occur, especially with Bitcoin approaching resistance near its all-time high.

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