The recent agreement between the US and China to reduce tariffs by 24% for a 90-day period is anticipated to boost risk assets, including Bitcoin and altcoins. Analysts project that this development will alleviate fears of sudden trade escalations, potentially allowing financial markets to exceed their January peaks. US Treasury Secretary Scott Bessent emphasized the desire of both nations to maintain balanced trade, avoiding the detrimental effects of high tariffs. Given Bitcoin's proximity to its all-time high and its recent outperformance compared to traditional assets, analysts believe other cryptocurrencies and US equities are well-positioned for a rally. An expected tax relief package, hinted to be announced by mid-July, could further stimulate market growth. This favorable trade environment, combined with optimistic technical indicators, has led experts to forecast potential price recoveries in both crypto and stock markets.

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