BTC and ETH to Benefit from US-China Trade Detente, Tom Lee Claims
Analysis
Price Impact
HighDe-escalation of us-china trade tensions, including postponed tariffs, significantly reduces global economic uncertainty, which is highly beneficial for risk assets like bitcoin and ethereum.
Trustworthiness
HighThe reports of tariff postponements and high-level talks are sourced from credible outlets (the washington post) and directly cite the us treasury secretary, confirming factual de-escalation.
Price Direction
BullishReduced geopolitical and economic risks typically boost investor confidence, leading to capital inflow into cryptocurrencies. the previous liquidation during tariff announcements shows how impactful such news is in reverse.
Time Effect
LongWhile immediate market reaction will be short-term positive, the prospect of a full-fledged us-china trade deal suggests a sustained period of improved sentiment and economic stability, benefiting these assets over a longer horizon.
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Cover image via www.youtube.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Permabull Tom Lee believes that the diffusing trade tensions between the US and China will benefit Bitcoin, Ethereum, as well as US equities. Advertisement Bitcoin reached an intraday high of $113,851 earlier this Sunday, according to CoinGecko data. In the meantime, the Ether price came awfully close to reclaiming the $4,100 level. Is a full-fledged US-China trade deal happening? Earlier this month, risk assets took a severe beating after the White House announced 100% tariffs on the world's second-largest economy. The total amount of liquidated crypto briefly surpassed $19 billion within just 24 hours, which was the largest cryptocurrency wipeout ever. Advertisement However, some recent reports show that there are clear signs of de-escalation following high-level talks during the ASEAN summit in Malaysia. The Washington Post reported earlier today that the US had agreed to postpone 100 tariffs, citing a recent interview with Treasury Secretary Scott Bessent. In turn, China has agreed to delay controversial curbs on rare earth metals by a year. There is renewed optimism that a full-fledged trade deal between the two superpowers could happen in the near future. #Bitcoin Price Prediction #Ethereum Price Prediction