The recent crypto market rally has slowed down as U.S. Treasury Secretary Scott Bessent warned that reaching a trade deal with China could take years. Bitcoin (BTC) showed some gains, rising 2.6% in the last day to $93,600, which marks its highest point since early March. Despite this, other cryptocurrencies such as Sui and Cardano outperformed Bitcoin significantly. The total inflow into U.S.-listed spot BTC ETFs reached nearly $1.3 billion over two days, highlighting renewed institutional interest in the cryptocurrency despite ongoing market uncertainties. Bessent’s comments and market pricing of recent tariff threats may have dulled risk appetite among investors, yet some analysts believe the easing of tensions after future meetings between U.S. and Chinese leaders could promote a more favorable environment for risk assets, including cryptocurrencies. Additionally, there is speculation that Bitcoin is becoming viewed as a digital gold amid uncertain economic conditions.

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