TLDR
- The United States and China have agreed to restore trade relations to their previous status before the tariff conflict.
- Bitcoin has surged to $110,000 following renewed optimism from the trade agreement between the two largest economies.
- Ethereum is trading at $2,782 and is showing signs of a breakout toward the $3,000 level amid strong market momentum.
- The total altcoin market cap is approaching $857 billion and may double if the current bullish trend continues.
- China has agreed to lift rare earth export restrictions, while the U.S. will ease certain export bans as part of the deal.
Global crypto market turned positive after the U.S. and China agreed to restore trade relations to Pre-Liberation Day terms. The agreement followed two days of intensive talks in London, marking a turning point in tariff discussions. As a result, the crypto market surged, reflecting renewed momentum across digital assets and traditional equities.
Risk-on sentiment spread quickly across financial sectors, with the Dow futures gaining over 100 points in early trading. Bitcoin climbed to $110,000, while Ethereum showed strong movement toward the $3,000 threshold. Meanwhile, altcoins recorded notable gains, highlighting a shift in overall market dynamics.
Commerce Secretary Howard Lutnick confirmed that the deal framework would move forward after both presidents review and approve the terms. Under the provisional agreement, tariff structures include 55% on U.S. imports and 10% on Chinese exports. Both parties agreed to finalize all terms by August 10, targeting a formal signing deadline.
Crypto Market Lifts as Bitcoin Gains Strength
Bitcoin surged during the early hours of Wednesday, supported by renewed optimism in the macroeconomic environment. The digital currency reached $110,000, reflecting strength after two months of consolidation. Positive news from the U.S.-China agreement added immediate upside pressure to Bitcoin’s price.
The crypto market responded strongly to the truce, and Bitcoin remained a key driver of sentiment. Traders rotated into digital assets as confidence returned across global equities. With increased liquidity, Bitcoin could retest its historical highs in the short term.
Market participants continued to favour Bitcoin amid geopolitical clarity, strengthening the asset’s role as a macro hedge. The deal’s implementation timeline aligns with Bitcoin’s current bullish momentum. Short-term consolidation may follow, but the trend remains upward.
Ethereum Eyes $3,000 as Altcoin Market Strengthens
Ethereum led the altcoin surge with a 4% gain in the last 24 hours, trading at $2,782 by mid-Wednesday. The coin broke key resistance levels and showed strong technical alignment with a move toward the $3,000 mark. Supportive macro trends and renewed DeFi activity contributed to ETH’s rally.
As Ethereum gained traction, the total altcoin market cap, excluding Bitcoin, rose to $857 billion. A breakout from the long-standing downward channel pattern appeared underway. Sustained bullish momentum could push the total 2 cap toward the $1.7 trillion mark.
#Altcoins are about to go PARABOLIC.. 🚀🌕 pic.twitter.com/7sGND4SbWR
— Captain Faibik 🐺 (@CryptoFaibik) June 11, 2025
Ethereum continues to outperform Bitcoin in relative terms, adding to market speculation of a new altcoin cycle. Momentum in DeFi protocols has accelerated, with several coins posting double-digit gains. The trend suggests growing strength in Ethereum-backed projects across the sector.
U.S.-China Trade Framework Reinforces Positive Sentiment
China agreed to lift restrictions on rare earth exports, easing concerns across the tech and defence industries. The U.S. will reduce some export bans and permit academic visas for Chinese nationals. Both measures aim to strengthen bilateral cooperation ahead of the final deal.
Presidents Donald Trump and Xi Jinping are expected to approve the agreement within days. The official signing deadline has been set for August 10, aligning with ongoing trade goals. Both sides confirmed agreement in principle following the London meetings.
