The recent economic developments surrounding U.S.-China relations have stirred responses across various markets, particularly in the world of cryptocurrency. Despite positive trade announcements, major cryptocurrencies have experienced unexpected downturns, raising questions about market stability.

U.S.-China Trade Agreement: Mixed Signals for Cryptocurrencies

On a recent social media platform, former U.S. President Donald Trump communicated his agreement with China’s President Xi Jinping on several key issues, further indicating a healthier trade relationship. This included a significant reduction of tariffs, originally set at 100%, now adjusted to 47%. Yet, despite this optimistic announcement, cryptocurrencies like Bitcoin and Ethereum suffered notable price drops.

Bitcoin witnessed a decline, plummeting to approximately $107,000, while Ethereum’s value fell to around $3,700. Many traders had anticipated that a trade resolution would invigorate the crypto market, especially after the previous turmoil that led to a historic