- Ethereum gains 4% in 24 hours, trading at $2,782, with a $3,000 breakout in sight.
- Altcoin market cap hits $857B, eyes $1.7T as risk-on sentiment returns.
- US-China trade truce lifts rare earth curbs, boosts global investor confidence.
The restoration of a trade truce between the United States and China has sparked renewed optimism which is driving altcoin adoption throughout global markets. Following two months of tense trade relations between major economies, an agreement emerges that revitalizes risk assets and provides renewed energy to the crypto market.
Market Responds to Truce With Renewed Optimism
Investors regained confidence after the world’s two largest economies reached an agreement that brought risk-on sentiment back to financial markets. Bitcoin reached $110,000 but Ethereum remains on track to reach the $3,000 level. Meanwhile, the altcoin market continues to show upward momentum, with a potential breakout from a downward channel formation.
Over the last 24 hours, Ethereum’s price has surged 4%, currently trading at $2,782. The broader crypto market cap, excluding Bitcoin, has risen significantly and now stands at $857 billion. If current momentum continues, analysts anticipate the TOTAL 2 market cap could reach $1.7 trillion.
Risk-on assets, including equities and digital assets, are responding positively. Dow futures gained 100 points during pre-market hours. Shares of Tesla rose by 2.3%, indicating a wider appetite for risk among investors.
DeFi and Ethereum Lead the Charge
Altcoins are not the only segment seeing an upward trend. Decentralized finance tokens have registered double-digit percentage gains. This activity points to a resurgence in DeFi engagement, further boosting altcoin valuations.
Ethereum now stands as the primary force behind the ongoing market rally. ETH demonstrates higher performance than Bitcoin through stable price trends and heavy trading volumes. Altcoin markets typically experience broader rallies when this behavior emerges which strengthens investor optimism.
The broader crypto market might enter a sustained uptrend if Ethereum maintains its performance advantage over Bitcoin, according to analysts. The altcoin market will receive additional investments if the current pattern breaks because this event signifies ongoing bullish momentum.
US-China Agreement Outlines Path Forward
The US-China trade truce represents a vital step toward the resolution of their ongoing disputes. China will remove its rare earth export restrictions and the US will relax particular export bans. The preliminary framework is awaiting final approval from President Donald Trump and President Xi Jinping.
US Commerce Secretary Howard Lutnick confirmed the progress, highlighting the positive outcomes from recent discussions in London. Chinese Vice Minister Li Chenggang noted that both sides have reached a consensus on key points and will work toward finalizing the agreement by August 10.
The market stabilization through this development will promote asset growth while creating favorable conditions for emerging industries such as digital currencies. The ongoing crypto rallies should receive support from the positive sentiment generated by the truce while the global appetite for risk strengthens.
Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0
PRC Comment Policy
Your comments MUST BE constructive with vivid and clear suggestion relating to the post.
Your comments MUST NOT be less than 5 words.
Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.
Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.
Constructive REPLY to comments is allowed