Global markets are gaining traction after the U.S. and China struck a short-term trade deal, dialing down tariffs to 10% for a 90-day period starting May 14.
The agreement, announced in Geneva, signals a rare moment of alignment between the two economic giants, easing fears of prolonged decoupling.
While Bitcoin had already led the rebound in risk assets, analysts now believe broader markets—including equities and altcoins—could follow.
Nansen’s Aurelie Barthere notes that with trade tensions cooling, assets previously under pressure may rally alongside BTC, which is just shy of its all-time high.
Barthere also hinted that a potential tax relief package expected by mid-July could further accelerate gains—especially if it includes deeper corporate and income tax cuts. Such a move, paired with positive technical patterns in Bitcoin, could fuel a surge past $150,000, according to some projections.
The broader message? Markets are suddenly more hopeful. Whether driven by geopolitical diplomacy or fiscal stimulus, risk appetite is back on the table.
BlackRock is seeking to enhance its iShares Ethereum Trust (ticker: ETHA) by incorporating staking features, according to a new filing with the U.S. Securities and Exchange Commission (SEC) submitted Thursday.
A new report from the International Monetary Fund (IMF) suggests that El Salvador’s recent Bitcoin accumulation may not stem from ongoing purchases, but rather from a reshuffling of assets across government-controlled wallets.
Sberbank, Russia’s largest state-owned bank, is preparing to launch custody services for digital assets, marking a significant expansion into the country’s evolving crypto landscape.
Bank of America is actively developing a stablecoin offering, CEO Brian Moynihan revealed during a post-earnings conference call on Wednesday.