Crypto Markets Rebound as Trade Tensions Ease
Crypto markets are experiencing a modest recovery following calming statements regarding the trade war from both Beijing and Washington.
- China's Ministry of Commerce clarified that rare-earth export controls are not outright bans, expecting minimal impact on global supply chains.
- In Washington, Vice President Vance mentioned President Trump's willingness to negotiate reasonably with China.
These developments have led to a bounce in crypto prices:
- Bitcoin rose by about 2%, trading just under $114,000.
- Altcoins such as Ether, Solana, and Dogecoin increased by 5-7%.
Despite this rebound, significant losses remain since last week's market drop due to trade tensions:
- Bitcoin is down 7.5%
- Ether decreased by 10%
- XRP and Solana fell by 16%
- Dogecoin dropped by 19%