U.S. stock futures rose while cryptocurrency prices fell as the White House reported substantial progress in trade talks with China. Dow futures increased by 1.3%, and both S&P 500 and Nasdaq futures gained approximately 1.4% and 1.6%, following a two-day negotiation session in Switzerland. Treasury Secretary Scott Bessent indicated that the talks were productive, though specific details remained undisclosed. Meanwhile, the cryptocurrency market reacted negatively, with Bitcoin slipping 0.6% to $103,900 and Ether down 2.9% to $2,507. Broader altcoins, such as Solana and Dogecoin, dropped between 4% and 8% amidst heavy liquidations and ETF outflows. Data revealed that China’s consumer prices fell for the third month in April, amplifying expectations for further stimulus from the People’s Bank of China. Overall, while stock markets showed optimism regarding U.S.-China negotiations, crypto markets remained cautious due to the lack of clarity surrounding potential outcomes.

Source 🔗