The crypto market remains cautious despite U.S. President Donald Trump announcing a trade deal with China. The Crypto Fear & Greed Index shows a score of 37, slightly up from 33 the previous day.
Analysts say the deal could mark a turning point, with Michael van de Poppe suggesting the October market crash may later be seen as a bottom, signaling the start of a new bull cycle for Bitcoin and altcoins.
Historically, U.S.-China trade news has triggered sharp crypto movements. Earlier, a 90-day tariff suspension sent the Fear & Greed Index from 18 to 39, while threats of 100% tariffs in October caused $19 billion in crypto liquidations within 24 hours.
So far, market reaction has been muted, with Bitcoin and Ethereum rising modestly. Traders describe the deal as positive, and the continued suspension of tariffs until November 2026 is expected to bring more stability to global markets and crypto.
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