{"id":16941,"date":"2025-10-13T01:50:51","date_gmt":"2025-10-12T23:50:51","guid":{"rendered":"https:\/\/wsj-crypto.com\/?p=16941"},"modified":"2025-10-13T01:50:51","modified_gmt":"2025-10-12T23:50:51","slug":"markets-surge-on-optimism-for-revived-trade-talks","status":"publish","type":"post","link":"https:\/\/wsj-crypto.com\/index.php\/2025\/10\/13\/markets-surge-on-optimism-for-revived-trade-talks\/","title":{"rendered":"“Markets Surge on Optimism for Revived Trade Talks”"},"content":{"rendered":"

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Today in cryptocurrency, US and Chinese officials indicate a reduction in trade frictions, Bitcoin is revisiting the golden cross, a favorable formation that has historically preceded previous explosive surges. Meanwhile, cryptocurrency traders engage in their \u201cstandard justification\u201d behavior by attributing Trump\u2019s tariffs as the cause for the market downturn.<\/p>\n

US and China officials indicate reduction in trade frictions<\/h2>\n

Officials from the United States and China softened the intense dialogue surrounding trade regulations<\/a> after hostilities between the two nations escalated this week due to China’s restrictions on rare earth exports and US President Donald Trump’s declaration of an additional 100% tariff on China.<\/p>\n

China’s Ministry of Commerce indicated<\/a> a readiness to engage in discussions regarding the rare earth export control proposal and other trade matters on Sunday, coinciding with a statement from Trump. In a Sunday post on Truth Social, Trump stated<\/a>:<\/p>\n

\u201cDon’t worry about China, everything will turn out fine! Highly regarded President Xi just had an unfortunate moment. He doesn\u2019t desire economic downturn for his nation, and I don\u2019t either. The USA intends to assist China, not harm it!!!\u201d<\/p><\/blockquote>\n

Source: <\/em>Donald Trump<\/em><\/a><\/figcaption><\/figure>\n

Market experts asserted<\/a> that Trump’s signs of de-escalation could invigorate financial markets on Monday, potentially reversing the price drop that affected cryptocurrency markets over the weekend.<\/p>\n

Bitcoin revisits golden cross, a breakthrough could trigger significant surge: Analyst<\/h2>\n

Bitcoin is revisiting the \u201cgolden cross,\u201d a favorable technical configuration that has historically signified rallies, according to cryptocurrency market analyst Mister Crypto.<\/p>\n

In a Sunday\u00a0post\u00a0on X, the analyst released a chart highlighting that Bitcoin\u2019s\u00a0(BTC)\u00a0previous golden crosses resulted in gains of 2,200% in 2017 and 1,190% in 2020. With BTC currently lingering around $110,000, he suggested that maintaining above this threshold could spark yet another explosive movement.<\/p>\n

\u201cThe setup appears remarkably robust,\u201d he wrote, adding that a confirmed breakout could \u201ctruly skyrocket\u201d Bitcoin\u2019s price in the forthcoming weeks.<\/p>\n

A\u00a0golden cross<\/a>\u00a0is a favorable trading signal that occurs when a short-term moving average, typically the 50-day, crosses above a long-term moving average, often the 200-day. It indicates that momentum is transitioning from bearish to bullish, suggesting that prices could begin to ascend.<\/p>\n

\"Cryptocurrencies,
Bitcoin revisits golden cross. Source:\u00a0<\/em>Mister Crypto<\/em><\/a> <\/figcaption><\/figure>\n

Crypto traders attribute Trump\u2019s tariffs in search of \u2018singular event\u2019: Santiment<\/h2>\n

Cryptocurrency retail traders were swift to attribute Friday\u2019s overall<\/a> cryptocurrency market decline to US President Donald Trump\u2019s announcement of a 100% tariff on China, as they frequently seek something to blame during downturns, according to Santiment.<\/p>\n

Analysts, however, argue the cause of the market decline is more complex than the tariffs alone.<\/p>\n

\u201cThis is typical ‘justification’ behavior from retailers, who feel the need to link a singular event to the reason for a drastic downturn in crypto,\u201d Santiment\u00a0noted<\/a>\u00a0in a report on Saturday.<\/p>\n

\u201cFollowing the crash, the crowd quickly rallied to reach a collective agreement on what the decline could be ascribed to,\u201d Santiment commented, referencing the surge in social media discussions related to both the cryptocurrency market and US-China tariff issues.<\/p>\n