Crypto market has reacted positively as the US and Chinese officials have agreed to restore a truce, after two months of Trump’s tariff war and intense discussions in London over the past two days. The two largest economies agreed to enter the Pre-Liberation Day status quo. Amid this US-China deal, Bitcoin price trades around $110K, altcoins have been moving higher with ETH eyeing $3000 breakout.
US Commerce Secretary Howard Lutnick stated that they would start implementing the framework after US President Donald Trump and Chinese counterpart Xi Jinping give their approval. Risk-ON assets are showing strength at the moment, with Dow futures gaining 100 points. Tesla (NASDAQ: TSLA) stock is also up 2.3% in the pre-market trading on Wednesday.
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Will Crypto Market Rally Continue From Here?
As the US-China trade deal talks commenced on Monday, the crypto market rallied with Bitcoin reaching $110K levels, eyeing a fresh breakout to new all-time highs. Altcoins also participated with Ethereum (ETH) leading the pack. In the last 24 hours, the ETH price is up by 4%, currently trading at $2,782, and eyeing a potential breakout to $3,000 and beyond.
The altcoin market is showing strength and is eyeing a breakout from the downward channel pattern. If the bulls sustain this momentum, the TOTAL 2 market cap, excluding BTC, could double to $1.7 trillion from the existing $857 billion.
#Altcoins are about to go PARABOLIC.. 🚀🌕 pic.twitter.com/7sGND4SbWR
— Captain Faibik 🐺 (@CryptoFaibik) June 11, 2025
Furthermore, if Ethereum continues to outperform Bitcoin moving ahead, it could lead to strong market rally. On the other hand, DeFi coins are seeing double-digit returns, signaling a strong resurgence in decentralized finance activity. The momentum suggests a brewing bull crypto market market for altcoins, with Ethereum leading the charge.
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US-China Deal Reaches Breakthrough
The US-China trade deal has reached a breakthrough moment with both parties agreeing to get their trade negotiations back on track. As a result, they have agreed to reach a preliminary framework for the new trade agreement. Key areas of negotiations include:
Rare Earth Restrictions Lifted: China has agreed to lift its restrictions on rare earth exports, a key resource for technology and defense industries.
Export Bans Eased: The U.S. will relax certain export bans, signaling a step toward improved trade relations.
Leadership Review: Presidents Donald Trump and Xi Jinping are set to review the framework before giving final approval.
Deadline for Full Deal: Negotiations aim to finalize the agreement by August 10, setting a crucial timeline for both nations.
“First we had to get sort of the negativity out and now we can go forward,” said Lutnick after the end of the meetings. Li Chenggang, China’s Vice Minister of Commerce and International Trade Representative, announced that both sides have reached an agreement in principle on a framework to implement the consensus.
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Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.
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Crypto Market Reacts as U.S.-China Deal Sparks Risk-On Rally Across Assets
Crypto market has reacted positively as the US and Chinese officials have agreed to restore a truce, after two months of Trump’s tariff war and intense discussions in London over the past two days. The two largest economies agreed to enter the Pre-Liberation Day status quo. Amid this US-China deal, Bitcoin price trades around $110K, altcoins have been moving higher with ETH eyeing $3000 breakout.
US Commerce Secretary Howard Lutnick stated that they would start implementing the framework after US President Donald Trump and Chinese counterpart Xi Jinping give their approval. Risk-ON assets are showing strength at the moment, with Dow futures gaining 100 points. Tesla (NASDAQ: TSLA) stock is also up 2.3% in the pre-market trading on Wednesday.
Advertisement
Advertisement
Will Crypto Market Rally Continue From Here?
As the US-China trade deal talks commenced on Monday, the crypto market rallied with Bitcoin reaching $110K levels, eyeing a fresh breakout to new all-time highs. Altcoins also participated with Ethereum (ETH) leading the pack. In the last 24 hours, the ETH price is up by 4%, currently trading at $2,782, and eyeing a potential breakout to $3,000 and beyond.
The altcoin market is showing strength and is eyeing a breakout from the downward channel pattern. If the bulls sustain this momentum, the TOTAL 2 market cap, excluding BTC, could double to $1.7 trillion from the existing $857 billion.
Furthermore, if Ethereum continues to outperform Bitcoin moving ahead, it could lead to strong market rally. On the other hand, DeFi coins are seeing double-digit returns, signaling a strong resurgence in decentralized finance activity. The momentum suggests a brewing bull crypto market market for altcoins, with Ethereum leading the charge.
Advertisement
Advertisement
US-China Deal Reaches Breakthrough
The US-China trade deal has reached a breakthrough moment with both parties agreeing to get their trade negotiations back on track. As a result, they have agreed to reach a preliminary framework for the new trade agreement. Key areas of negotiations include:
“First we had to get sort of the negativity out and now we can go forward,” said Lutnick after the end of the meetings. Li Chenggang, China’s Vice Minister of Commerce and International Trade Representative, announced that both sides have reached an agreement in principle on a framework to implement the consensus.
Advertisement
✓ Share:
Trending
Price Analysis
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Just In: Ondo Finance Brings Tokenized US Treasuries To XRP Ledger (XRPL)
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 Bhushan Akolkar
Bhushan is a FinTech enthusiast with a keen understanding of financial markets. His interest in economics and finance has led him to focus on emerging Blockchain technology and cryptocurrency markets. He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses. Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.