The global crypto market experienced a significant uplift Tuesday, adding roughly $117 billion as the total capitalization climbed to $2.85 trillion, a 4.30% increase. This positive momentum, mirroring gains in traditional equity markets, saw Bitcoin (BTC) push towards $91,340, according to current data, as traders reacted to signs of easing U.S.-China trade friction.
Market sentiment improved following comments from Treasury Secretary Scott Bessent, who reportedly characterized the current trade situation as “unsustainable” during a private investor meeting. His indication that a “de-escalation” is probable sparked optimism across asset classes, including digital assets.
This rally marked a reversal from recent volatility, where macro fears rattled crypto markets, partly influenced by geopolitical tensions and central bank commentary. Investor confidence, however, remains fragile, reflecting ongoing uncertainty in global trade policies.
Despite the positive signals, Bessent also cautioned that formal negotiations have not commenced and securing a final trade agreement could be a multi-year process. This lengthy timeline introduces a layer of uncertainty for sustained market rallies.
The digital asset space continues to navigate a complex macroeconomic landscape, sensitive to shifts in international relations and the impact of Fed policy feuds. While the immediate reaction is positive, long-term stability hinges on concrete developments in trade talks and broader economic conditions.