Bitcoin, altcoins poised to rally on US-China tariff agreement

The constructive tone of tariff negotiations removes the risks of “sudden re-escalation,” potentially paving the way for risk assets to surpass their January peaks, analysts said.

A 90-day tariff agreement between the US and China may set the stage for a broader recovery of stock and cryptocurrency markets, as investors look ahead to a potential tax relief package.

The White House announced on May 12 that the two countries will reduce their respective tariffs to 10% for an initial 90-day period beginning May 14 — a 24% cut from current levels.

Speaking at a news conference in Geneva, US Treasury Secretary Scott Bessent said both governments are aligned on avoiding further economic decoupling.

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