A widely used indicator of crypto market sentiment remained in uncertain territory despite improved clarity on trade relations between the US and China. It comes after US President Donald Trump struck a trade deal with China this week.
However, some crypto analysts suggest that this announcement could soon have a positive effect on the crypto market.
Crypto fear and greed Indexwhich measures overall crypto market sentiment, posted a “Fear” score of 37 on Sunday, up 4 points from Saturday’s “Fear” score of 33. The slight uptick comes after the White House released a sweeping statement outlining the trade deal reached between Trump and Chinese President Xi Jinping.
Trade developments between the US and China are closely watched by the industry
“A huge victory that preserves America’s economic strength and national security, and puts American workers, farmers and families first,” White House he said in a statement on Saturday.
Trade developments between the US and China have been closely watched by many in the crypto industry, as tariff announcements 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 reciprocal tariffs on April 9, the Crypto Fear and Greed Index rose over the next 24 hours, rising from an “Extreme Fear” score of 18 to a “Fear” score of 39 the next day.
Recently, Trump’s threat of 100% tariffs against China was blamed for the recent crypto market crash, which saw $19 billion liquidated in just 24 hours on October 11th.
The crypto market has been struggling to recover ever since. In X’s announcement on Saturday, Michael van de Poppe, founder of MN Trading Capital, said the day would be seen as one of the “worst days ever”.
The market is still in the “early stage” of the bull run, the analyst says
“That’s why we’re currently still in the early stages of the growth cycle for Altcoins and Bitcoins,” van de Poppe he said.
The White House said the US would maintain a suspension of “increased reciprocal tariffs on Chinese imports” until November 10, 2026.
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Crypto trader Ash Crypto he said“This security is bullish for the markets.” Echoing a similar sentiment, crypto trader 0xNobler he said it was “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 last 24 hours, according to on CoinMarketCap.
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