- The Crypto Fear & Greed Index remains in “Fear” territory following a trade deal between the US and China.
- The US and China agreed to suspend reciprocal tariffs on imports until November 10, 2026.
- The crypto market showed a modest upward reaction in sentiment but no significant price shifts yet.
- Earlier tariff announcements have been linked to major crypto market movements, including crashes and recoveries.
- Some crypto traders view the trade deal as a positive development for market stability and future growth.
This week, US President Donald Trump reached a trade agreement with China, suspending reciprocal tariffs on Chinese imports until November 10, 2026. The deal aims to protect US economic interests and national security.
The Crypto Fear & Greed Index, which gauges overall market sentiment, recorded a “Fear” score of 37 on Sunday, a slight increase from 33 the day before. The White House described the agreement as a “massive victory” for American workers, farmers, and families in a statement.
Since the start of the Trump administration, trade tensions and tariff announcements have affected cryptocurrency markets. For example, when Trump announced a 90-day tariff suspension on April 9, the index surged from “Extreme Fear” at 18 to “Fear” at 39 within a day. Conversely, a threat of 100% tariffs in October led to a sharp market crash with $19 billion liquidated in 24 hours.
Crypto analyst Michael van de Poppe, founder of MN Trading Capital, said the recent market lows could be viewed as “bottom days in hindsight.” He added, “That’s why we’re currently still at an early stage of the bull cycle on Altcoins and Bitcoin.”
Crypto traders such as Ash Crypto and 0xNobler expressed optimism on the trade deal’s effects. Ash Crypto noted on X, “This certainty is Bullish for markets.” 0xNobler described it as “GIGA BULLISH NEWS.”
Currently, the trade deal has not resulted in significant price changes. According to CoinMarketCap, Bitcoin (BTC) trades at $110,354, up 0.26% over 24 hours. Ether (ETH) is at $3,895, rising 0.84% in the same period.
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