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.
Investor and entrepreneur Anthony Pompliano is rolling his private outfit, ProCap BTC LLC, into blank-check firm Columbus Circle Capital to form ProCap Financial, a new Nasdaq-listed business built around Bitcoin.
As tensions erupt in the Middle East following U.S. strikes on Iranian nuclear facilities, Tehran has turned to Moscow for support.
FTX’s legal team has moved to dismiss a $1.53 billion claim filed by Three Arrows Capital (3AC), calling it an exaggerated and baseless attempt to recover losses from risky trading.
Personal-finance author Robert Kiyosaki is sounding the alarm that next year could bring an economic breakdown unlike anything modern markets have seen.