Crypto Market Sees Surge as U.S. Hints at Easing China Tariffs

Cryptocurrencies enjoyed a notable uptick on Tuesday, fueled by positive market sentiment arising from reports that the U.S. and China may be easing their trade tensions. CNBC’s Eamon Javers, citing a source close to a White House conference, reported that U.S. Treasury Secretary Scott Bessent acknowledged that current tariff levels of 125% to 145% are undesirable for both countries. This statement suggests a potential de-escalation in economic tensions as the two nations seek a more favorable trade relationship.