
Jakarta, Pintu News – The crypto market experienced a significant surge following the thaw in trade tensions between the United States and China. About $180 billion flowed back into digital assets, pushing the market capitalization to $3.87 trillion. The rise came after Beijing clarified that its rare earth export controls were not a total ban, ending Friday’s market crash.

Bitcoin is leading the crypto market recovery with a 2% gain and is now trading above $114,000. This rise in Bitcoin (BTC) price comes alongside stronger spikes in other alternative cryptos. Ethereum jumped nearly 8% to reach $4,139, while Binance Coin emerged as the strongest performer with a 12.34% surge to $1,297.
Solana also recorded a 6.19% increase to $195, and Ripple also saw gains. The altcoin’s recovery gained momentum after President Donald Trump showed his openness to reaching a deal. Trump stated that the situation with China will improve, signaling a possible improvement in trade relations between the two countries.
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Vice President JD Vance called for calm during his appearance on Fox News’ Sunday Morning Futures. Vance emphasized that if China is aggressive, the President of the United States has more options. However, if China is willing to be reasonable, the United States will also do the same.
US Trade Representative Jamieson Greer expressed optimism that the market will calm down in the coming week. Greer hopes that as negotiations continue, tensions will ease. This helps restore investor confidence that was lost a few days earlier.
The altcoin recovery comes after Friday’s chaos that resulted in the largest crypto liquidation in history. This chaos also led to the loss of about $2.5 trillion from the market capitalization of the S&P 500. The panic was triggered by Trump’s late response to China’s announcement, which came more than a day after the initial report.
Trump had threatened to impose 100% tariffs on Chinese goods starting November 1. However, when asked about the deadline, Trump stated that November 1 was still far away. China’s Ministry of Commerce responded by asking for negotiations and urging the US to tone down the tariff threat.
The crypto market’s rapid rise shows analysts’ predictions that the market correction will be short-lived. Currently, the altcoin recovery seems to be getting stronger as the two countries work to resolve their differences. Although the US-China trade deal is still uncertain, the more favorable tone from officials of both sides gives the market reason to be optimistic about the way forward.
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