US and China Reach Positive Trade Negotiations In Malaysia – Crypto Bull Run To Resume?
The crypto market surged on Sunday after US Treasury Secretary Scott Bessent confirmed that Washington and Beijing had reached a “framework” settlement to avert the 100% tariffs on Chinese items threatened earlier this month by President Donald Trump.
Bitcoin rose 1.8% to commerce above $113,600, whereas Ethereum climbed previous $4,040. The complete crypto market cap recovered to $3.88 trillion, reflecting renewed investor confidence following weeks of tariff-driven volatility.
No Trade War Between the US and China
Bessent said that after two days of negotiations in Malaysia with China’s International Trade Representative Li Chenggang, each side agreed on a preliminary plan to prevent the tariff escalation and pave the best way for additional talks.
Trump and Chinese President Xi Jinping are anticipated to satisfy in South Korea on Thursday to finalize particulars.
This marks a dramatic turnaround from October 10, when Trump’s announcement of 100% tariffs triggered a global market rout.
The S&P 500 erased $1.2 trillion in 40 minutes, and Bitcoin plunged over 10%, wiping out greater than $200 billion in crypto market capitalization inside hours.
The panic deepened as merchants confronted forced liquidations across major exchanges, fueling accusations of manipulation towards Binance.
Sunday’s announcement indicators a possible cooling of commerce tensions that had rattled each conventional and digital markets.
“President Trump gave me nice negotiating leverage with the tariff risk,” Bessent stated, including that the framework “will enable us to debate many different issues with the Chinese.”
Trump additionally signed new commerce offers with Cambodia, Thailand, and Malaysia on the sidelines of the ASEAN convention in Kuala Lumpur. Further conferences with Xi are deliberate earlier than Lunar New Year in February and in the course of the G20 Summit within the US subsequent fall.
For crypto buyers, at this time’s rebound displays how tightly the market stays linked to macroeconomic coverage and geopolitical danger — a reminder that sentiment in Washington and Beijing can nonetheless swing Bitcoin as quick as any halving cycle.
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