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A commonly utilized crypto market sentiment gauge has remained in ambiguous territory despite enhanced clarity regarding trade relations between the US and China. This comes as US President Donald Trump finalized a trade agreement with China this week.
Nevertheless, certain crypto analysts propose that the announcement could soon yield a favorable effect on the crypto landscape.
The Crypto Fear & Greed Index, which evaluates overall crypto market sentiment, reported a “Fear” score of 37 on Sunday, an increase of 4 points from its “Fear” score of 33 on Saturday. This minor increase follows the White House’s detailed statement elucidating the trade accord achieved between Trump and Chinese President Xi Jinping.
US and China trade updates monitored closely by the sector
“A substantial triumph that protects US economic vitality and national security while prioritizing American workers, farmers, and families,” The White House stated in a declaration on Saturday.
Developments concerning US and China trade have been under close scrutiny by numerous figures in the crypto domain, as tariff announcements since the onset of the Trump administration in January have frequently been associated with substantial shifts in the crypto market.
After Trump declared a 90-day halt on reciprocal tariffs on April 9, the Crypto Fear & Greed Index score skyrocketed over the subsequent 24 hours, rising from an “Extreme Fear” score of 18 to a “Fear” score of 39 the next day.
Most recently, Trump’s threat of 100% tariffs against China was held accountable for the recent crash in the crypto market, which witnessed $19 billion liquidated within just 24 hours on Oct. 11.
The crypto market has been challenged to recuperate since then. In a post on X on Saturday, Michael van de Poppe, founder of MN Trading Capital, remarked that the day would be regarded as one of the “bottom days in hindsight.”
Market still in “initial phase” of bull rally, asserts analyst
“That’s why we’re presently still in an early phase of the bull cycle for Altcoins and Bitcoin,” van de Poppe mentioned.
The White House announced that the US will sustain its suspension of “increased reciprocal tariffs on Chinese imports” until Nov. 10, 2026.
Related: Bitcoin initiates $100K ‘capitulation’ as BTC price metric experiences significant volatility
Crypto trader Ash Crypto stated, “This clarity is Bullish for markets.” Reinforcing a similar viewpoint, crypto trader 0xNobler declared it was “GIGA BULLISH NEWS.”
The recent trade agreement has thus far not demonstrated any significant effect on the crypto market. Bitcoin (BTC) is valued at $110,354 and Ether (ETH) at $3,895, reflecting an increase of 0.26% and 0.84% respectively over the past 24 hours, according to CoinMarketCap.
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