11.06.2025 19:18
A tentative truce between the US and China has injected significant energy into the cryptocurrency market, sending Bitcoin soaring near the $110,000 mark. This positive market sentiment follows two days of high-stakes discussions in London, culminating in an agreement to revert to a pre-escalation status quo. The development coincided with a 100-point increase in Dow futures and a broader upswing in the stock market, further bolstering investor confidence.
The crypto market's strength was evident across the board. Ethereum, a leading altcoin, experienced a dramatic surge, breaking the $3,000 barrier and registering a 5.5% increase over 24 hours. This impressive performance, currently trading around $2772, suggests the potential for a massive expansion in the overall cryptocurrency market capitalization, potentially doubling from $857 billion to $1.7 trillion, excluding Bitcoin. The DeFi sector also participated in this bullish trend, with double-digit gains pointing towards a renewed interest in decentralized finance. Tesla stock, notably, also saw a 2.3% increase on June 11th, pre-market.
US Commerce Secretary Howard Lutnick commented on the agreement, highlighting the removal of negative sentiment as a crucial first step before implementing the framework, pending presidential approval from both nations. His remarks followed the initial market reaction, a sharp upward trend that began on Monday as negotiations commenced. The rapid increase in Bitcoin's price, nearing an all-time high around $110,000, underscored the market's immediate and positive response to the diplomatic breakthrough. The agreement’s specific details remain undisclosed beyond the stated aim of returning to a pre-conflict state. While the Vice Minister of Commerce and International Trade Representative's comments were included in the original source, their exact words were unavailable for inclusion in this rewritten text. This significant market movement, however, clearly indicates the considerable impact of international relations on the cryptocurrency space.
