Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13285
Markets: 102059
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13285
Cryptocurrencies
61.68%
Bitcoin Share
coinpedia 2025-05-12 08:26:03

Bitcoin and Altcoins Breakout Alert: Trade War Eases as China, US Cut Tariffs

Bitcoin and Altcoins Breakout Alert: Trade War Eases as China, US Cut Tariffs

The post Bitcoin and Altcoins Breakout Alert: Trade War Eases as China, US Cut Tariffs appeared first on Coinpedia Fintech News In a big development for global markets, China has announced it will lower tariffs on U.S. goods from 125% to 10%, while the U.S. will cut its tariffs on Chinese products from 145% to 30%. These reduced tariffs will remain in effect for the next 90 days, giving both nations a window for further trade negotiations. While global equities and commodities welcomed the move, the crypto market showed only a mild reaction. Bitcoin, however, continued to hold above the crucial $104,000 level and is inching closer to the $105,000 mark. Analysts said that Bitcoin had already begun rallying ahead of this announcement, and this news could serve as fuel for the next upward leg. BREAKING: China will lower tariffs on U.S. goods to 10% from 125% USA will cut tariffs on Chinese goods to 30% from 145% The measures will be in place for 90 days to allow for more trade negotiations. pic.twitter.com/TK0S9LTG2h — Visegrád 24 (@visegrad24) May 12, 2025 According to an analyst, Bitcoin is currently around day 915 of its typical 1,100-day bull market cycle. Historically, the biggest gains tend to occur between days 1,000 and 1,100, meaning we could be on the brink of a parabolic move if past patterns hold true. Bitcoin’s weekly MACD has flipped green — a historically bullish signal. The last time this happened was in Q4 2024, shortly before Bitcoin surged higher. Additionally, the weekly RSI remains far from overbought levels, hinting there’s still room for the rally to extend. Bitcoin Dominance Drops, Altcoins Stir Another key development is the ongoing decline in Bitcoin dominance — a sign that traders are rotating capital into altcoins. Memecoins, in particular, are making a comeback. In the last 24 hours alone, some tokens have jumped 10–30%, reminiscent of the explosive memecoin-led rallies of late 2023. The question now is whether these tokens will continue leading the way in this market cycle. Adding to the bullish setup, the U.S. will release its CPI inflation data tomorrow, a key event that could sway both equity and crypto markets. Meanwhile, U.S. Vice President JD Vance is scheduled to speak at a major Bitcoin conference.

Most Read News

Moralis Money
Market Cap
24h Vol
61.68%
Bitcoin Share
744
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.