A widely used indicator of crypto market sentiment remained in uncertain territory despite improved clarity on trade relations between the US and China, following US President Donald Trump’s announcement of a trade deal this week.
However, some crypto analysts suggest that the announcement could have a positive impact on the crypto market.
The Crypto Fear & Greed INDEX. The slight upheaval came as the White House released a comprehensive statement outlining the trade deal reached between Trump and Chinese President Xi Jinping.
Trade developments with the US and China are being watched by the industry
“A tremendous victory that protects the strength of the US economy and national security while putting workers, farmers and families first,” the White House said in a statement on Saturday.
Developments between US and China trade are being closely watched by many in the crypto industry, as announcements of tariffs since the start of the Trump administration in January have often been linked to significant movements in the crypto market.
After Trump announced a 90-day suspension of retaliatory tariffs on April 9, the Crypto Fear & Greed Index score advanced over the next 24 hours, climbing from an “extreme fear” score of 18 to a “fear” score of 39 the next day.
Most recently, Trump Threat of 100% tariffs Against China is blamed for the recent crash in the crypto market, which saw $ 19 billion Liquidated over 24 only time on October 11.
The Crypto Market has been struggling to recover ever since. In an X post on Saturday, Michael van de Poppe, founder of MN Trading Capital, said that the day will once again be viewed as one of those “bottomless days.”
The market is in the “early stages” of a bull run, the analyst said
“That is why we are currently in an early phase of the bull cycle in Altcoins and Bitcoin,” van de Poppe said.
The White House said the US would maintain its suspension of “increased retaliatory tariffs on Chinese imports” until November 10, 2026.
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Crypto Trader Ash Crypto said“This certainty is bullish for the markets.” Echoing a similar sentiment, Crypto Trader 0xnobler said This is “Giga Bullish News.”
The recent trade deal has yet to show any noticeable impact on the crypto market. Bitcoin (BTC) is trading at $110,354 and ether (Eth) at $ 3,895, up 0.26% and 0.84% respectively in the previous 24 hours, according on CoinmarketCap.
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