The cryptocurrency market experienced a surge in optimism following the announcement of a trade deal between the U.S. and China. The White House confirmed a breakthrough on May 11th, with details expected to be revealed in a Monday briefing session. This agreement was reached in Geneva under the leadership of U.S. officials, including Treasury Secretary Scott Bessent and Trade Representative Ambassador Jamieson Greer. While specific terms remain undisclosed, both parties expressed progress in negotiations, suggesting reduced differences between nations. Market analysts anticipate further clarity on potential changes to tariffs impacting various industries following Monday’s briefing. The deal could lead to shifts in manufacturing, potentially rebalancing trade relations. Overall, the anticipated improvements in trade dynamics may positively impact global economic conditions.