The widely used cryptocurrency market sentiment indicator remained in uncertain territory despite improved clarity on US-China trade relations. This comes at a time when US President Donald Trump reached a trade agreement with China this week.
However, some cryptocurrency analysts point out that the announcement may soon have a positive impact on the cryptocurrency market.
Fear and greed in cryptocurrencies indexwhich measures overall cryptocurrency market sentiment, recorded a “fear” score of 37 on Sunday, up 4 points from its “fear” score of 33 on Saturday. The uptick comes as the White House issued a comprehensive statement outlining the trade agreement reached between Trump and Chinese President Xi Jinping.
The industry is closely monitoring trade developments between the United States and China
“A massive victory that protects America’s economic strength and national security while putting America’s workers, farmers, and families first,” the White House said He said In a statement on Saturday.
Developments between US-China trade have been closely watched by many in the cryptocurrency industry, as tariff announcements since the start of the Trump administration in January have often been linked to significant movements in the cryptocurrency market.
After Trump announced a 90-day suspension of reciprocal tariffs on April 9, the Cryptocurrency Fear and Greed Index score rose over the next 24 hours, rising from an “extreme fear” score of 18 to a “fear” score of 39 the next day.
More recently, Trump’s threat to impose 100% tariffs against China has been blamed for the recent collapse of the cryptocurrency market, which saw $19 billion liquidated over just 24 hours on October 11.
The cryptocurrency market has struggled to recover since then. In an
The analyst says the market is still in the “early stage” of the uptrend
“This is why we are currently still in the early stage of the bull cycle for altcoins and Bitcoin,” Van de Poppe said He said.
The White House said the United States will continue to suspend “increased reciprocal tariffs on Chinese imports” until November 10, 2026.
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Cryptocurrency trader Ash Crypto He said“This certainty is bullish for markets.” Echoing similar sentiments, cryptocurrency trader 0xNobler He said It was “rising giga news.”
The latest trade deal has yet to show any noticeable impact on the cryptocurrency market. Bitcoin (BTC) is trading at $110,354 and Ethereum (ETH) is trading at $3,895, up 0.26% and 0.84% respectively in the past 24 hours. According to To Coin Market Cap.
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