A digital asset commentator asserted that the market collapse earlier this month will be recalled as one of the “lowest points in retrospect.”
A pervasively deployed digital asset market mood gauge has persisted in ambiguous territory notwithstanding enhanced discernment concerning commercial ties between the U.S. and China, subsequent to U.S. Head of State Donald Trump’s disclosure that a trade accord was reached this week.
Nonetheless, several digital asset commentators propose that the disclosure might shortly generate a favorable influence on the cryptocurrency sphere.
The Crypto Fear & Greed Index, a metric that assesses general digital asset market disposition, registered a “Fear” value of 37 on Sunday, an increase of 4 points from the “Fear” rating of 33 documented on Saturday. This minor advancement followed the White House’s issuance of a detailed communiqué delineating the trade pact finalized between Trump and Chinese President Xi Jinping.
Industry Keeps Close Watch on US–China Trade Developments
“A massive victory that safeguards US economic strength and national security while putting American workers, farmers, and families first,”
The White House said in a statement on Saturday.
Evolutions in commerce between the U.S. and China have been keenly observed by numerous participants in the digital asset sector. Since the commencement of the Trump governance in January, tariff announcements have frequently demonstrated a correlation with notable shifts in the cryptocurrency sphere.
Following Trump’s declaration of a 90-day moratorium on reciprocal duties on April 9, the Crypto Fear & Greed Index valuation experienced a sharp increase over the subsequent 24 hours, escalating from an “Extreme Fear” appraisal of 18 to a “Fear” rating of 39 the next day.
Most lately, Trump’s declaration of 100% duties against China was cited as the catalyst for the recent digital asset market collapse, during which $19 billion was liquidated over merely 24 hours on October 11.
The digital asset market has encountered difficulty recuperating subsequent to that time. In an X dispatch on Saturday, Michael van de Poppe, originator of MN Trading Capital, stated that the day will be viewed as one of the “lowest valuation points in retrospect.”
Analyst Says Market Remains in “Early Stage” of Bull Run
“That’s why we’re currently still at an early stage of the bull cycle on Altcoins and Bitcoin,”
van de Poppe said.
The Executive Mansion disclosed that the U.S. will uphold its moratorium on “elevated mutual duties on Chinese goods” until November 10, 2026.
Digital asset speculator Ash Crypto asserted, “This assurance is Advantageous for exchanges.” Reflecting a comparable outlook, cryptocurrency dealer 0xNobler proclaimed the development was considered “EXTREMELY OPTIMISTIC INTEL.”
The recently concluded commercial pact is yet to exhibit any perceptible consequence on the digital asset sphere. Bitcoin ($110,354) and Ether ($3,895) are transacting higher, with increases of 0.26% and 0.84% recorded over the preceding day, as reported by CoinMarketCap.
