U.S.-China Trade Agreement Brings Optimism for Global Economy

A major trade agreement between the United States and China, reached in Kuala Lumpur on October 30th, has sparked positive reactions in global markets. Key takeaways include the removal of a 10% fentanyl tariff by the U.S., along with a suspension of retaliatory tariffs. These agreements are expected to bring stability to the global economy and potentially impact cryptocurrency markets indirectly through their effect on risk sentiment and trade confidence.