Crypto Today: Bitcoin, Ethereum, XRP mute reaction to US-China trade agreement

출처 Fxstreet
  • US-China trade talks conclude with the reinstatement of rare earth exports and the implementation of the Geneva Consensus.
  • The Bitcoin price lowers slightly to near $110,000 as investors digest the outcome of the US-China talks.
  • Ethereum holds above the previous consolidation range, with technical support at $2,700.
  • XRP uptrend slows below $2.33, mirroring a SuperTrend sell signal while maintaining confluence support at $2.26.

The cryptocurrency market is generally holding onto most of the gains accrued during the euphoric rally on Monday, when Bitcoin (BTC) cracked the resistance at $111,000 to post weekly highs at around $110,516. Meanwhile, the largest digital asset by market capitalization hovers at $109,274 at the time of writing on Wednesday, down over 0.5% on the day as investors digest the aftermath of the trade talks between the United States (US) and China.

Leading altcoins, including Ethereum (ETH), Ripple (XRP) and Solana (SOL), are clinging to most of the gains accrued this week. However, they face a lack of trader conviction to keep the uptrend steady, plausibly awaiting a delayed reaction to the trade agreement between the US and China.

Market overview: US-China agree to ease export curbs, uphold tariff truce 

US and Chinese officials announced on Tuesday that they had reached a mutual agreement on a framework to uphold the Geneva tariff truce and ease export restrictions, particularly on rare earths. The second round of trade talks, which began on Monday and concluded on Tuesday, will see China remove curbs on the export of rare earth minerals and magnets. At the same time, the US reinstates the export of key components, including semiconductor design software and aircraft parts, to the Asian economic giant.

"We have reached a framework to implement the Geneva consensus and the call between the two presidents," US Commerce Secretary Howard Lutnick told reporters.  "And if that is approved, we will then implement the framework," Lutnick added.

China's Vice Commerce Minister Li Chenggang reiterated the agreement, awaiting the approval of President Xi Jinping. 

While the trade agreement reached in London could ease trade and relieve global markets, a long-term solution remains distant. According to a Reuters report, the World Bank reduced its global forecast for 2025 by four-tenths of a percentage point to 2.3% on Tuesday, citing higher tariffs and continued uncertainty that threaten most economies.

Data spotlight: Spot ETF volumes surge 

Optimism for a trade deal between the US and China reignited interest in risk assets, with Bitcoin spot Exchange Traded Funds (ETFs) experiencing inflows resuming on Monday after two consecutive days of net outflows. SoSoValue data highlights that BTC spot ETFs posted approximately $431 million in net inflows on Tuesday, up from $386 million seen on Monday. 

An increase in interest in Bitcoin-related products could help stabilize the uptrend, which is currently approaching an all-time high of around $111,980.

Bitcoin spot ETF volume | Source: SoSoValue

The largest smart contacts token, Ethereum, has maintained a positive streak over the last 16 days, with spot ETFs recording net inflows. The total daily net inflow on Tuesday surged to $124, the highest level since May 21. 

Ethereum spot ETF volume | Source: SoSoValue

Should investors maintain interest in Ether, increasing exposure to related products like spot ETFs, the path of least resistance could remain upward, potentially closing the gap to $3,000.

Chart of the day: Could Bitcoin bulls lose grip on the uptrend?

Bitcoin's price is cooling from the early week rally above $110,000 to trade at $109,274 at the time of writing. The downtrend indicated by the Relative Strength Index (RSI) indicator on the daily chart suggests that bears could continue to gain momentum in upcoming sessions, especially if the pullback from the current 60 level extends below the 50 midline.

BTC/USD daily chart

However, it would be prudent for traders to temper bearish expectations, especially with the 50-day Exponential Moving Average (EMA) currently at $102,295, the 100-day EMA at $97,877 and the 200-day EMA at $92,292, pointing north. In other words, BTC's uptrend remains largely intact, with the potential to resume its recovery above $110,000 if market sentiment improves.

Altcoins update: Ethereum and XRP uptrend stalls

Ethereum's price extended gains above the range limit at $2,700 on Tuesday before stalling at around $2,834. The leading smart contracts token has corrected to exchange hands at $2,760 at the time of writing, while holding above the consolidation range support marked in red in the chart below at around $2,700.

A daily close above the key support could reinforce the uptrend, encouraging traders to seek exposure to ETH. Additionally, the SuperTrend indicator has continued to sustain a buy signal, which was first flashed on May 8, indicating bullish momentum. This buy signal occurs when the price crosses above the SuperTrend line, changing its color from green to red. If this trend-following tool continues to function as a dynamic support and trailing the price of Ethereum, the probability of closing the gap to $3,000 would swell significantly.

ETH/USDT & XRP/USDT daily charts 

Meanwhile, the XRP price uptrend is wobbling at $2.31, gesturing to trader indecision and possible consolidation before the next breakout. Slightly below the current level, the cross-border money remittance token upholds support at $2.26, established by the 50-day EMA and the 100-day EMA confluence.

A SuperTrend sell signal validated on May 30 hints at a developing bearish outlook. If traders reduce exposure to XRP, reflecting the sell signal as a dynamic resistance, the decline could extend below the confluence support, bringing the 200-day EMA at $2.09, which is 9.5% below the current price level, into sight.

Cryptocurrency prices FAQs

Token launches influence demand and adoption among market participants. Listings on crypto exchanges deepen the liquidity for an asset and add new participants to an asset’s network. This is typically bullish for a digital asset.

A hack is an event in which an attacker captures a large volume of the asset from a DeFi bridge or hot wallet of an exchange or any other crypto platform via exploits, bugs or other methods. The exploiter then transfers these tokens out of the exchange platforms to ultimately sell or swap the assets for other cryptocurrencies or stablecoins. Such events often involve an en masse panic triggering a sell-off in the affected assets.

Macroeconomic events like the US Federal Reserve’s decision on interest rates influence crypto assets mainly through the direct impact they have on the US Dollar. An increase in interest rate typically negatively influences Bitcoin and altcoin prices, and vice versa. If the US Dollar index declines, risk assets and associated leverage for trading gets cheaper, in turn driving crypto prices higher.

Halvings are typically considered bullish events as they slash the block reward in half for miners, constricting the supply of the asset. At consistent demand if the supply reduces, the asset’s price climbs.

면책 조항: 정보 제공 목적으로만 사용됩니다. 과거 성과가 미래 결과를 보장하지 않습니다.
placeholder
오늘 암호화폐 시장이 상승한 이유는?비트코인(BTC)은 화요일, 미 재무장관 스콧 베센트가 비공개 회의에서 “미중 간 무역 갈등은 지속 불가능하다”고 발언한 이후 전반적인 금융 시장과 함께 $93,000을 돌파하며 상승했다.
저자  FXStreet
4 월 23 일 수요일
비트코인(BTC)은 화요일, 미 재무장관 스콧 베센트가 비공개 회의에서 “미중 간 무역 갈등은 지속 불가능하다”고 발언한 이후 전반적인 금융 시장과 함께 $93,000을 돌파하며 상승했다.
placeholder
이더리움 가격 전망: 스테이블코인 거래량 2025년 11조 달러 돌파 속 ETH 7% 급락이더리움(ETH)은 목요일 7% 넘게 하락하며 2,500달러 핵심 지지선을 하회했다. 이는 생태계 내 스테이블코인 거래 활동 증가와 맞물려 나타난 흐름이다.
저자  FXStreet
6 월 06 일 금요일
이더리움(ETH)은 목요일 7% 넘게 하락하며 2,500달러 핵심 지지선을 하회했다. 이는 생태계 내 스테이블코인 거래 활동 증가와 맞물려 나타난 흐름이다.
placeholder
XRP·SOL·LTC 현물 ETF 승인 가능성 95%로 급등…미 SEC의 GDLC 결정 앞두고 기대감 고조리플(XRP), 솔라나(SOL), 라이트코인(LTC) 등을 중심으로 현물 암호화폐 ETF 승인 가능성이 95%에 달한 것으로 나타났다.
저자  FXStreet
7 월 01 일 화요일
리플(XRP), 솔라나(SOL), 라이트코인(LTC) 등을 중심으로 현물 암호화폐 ETF 승인 가능성이 95%에 달한 것으로 나타났다.
placeholder
이더리움 가격 전망: 6월 주요 이정표 돌파에도 가격은 답보 상태이더리움(ETH)은 화요일 3% 하락하며 6월의 하락세를 이어가고 있다. 6월에는 현물 상장지수펀드(ETF) 자금 유입 급증, 누적 지갑 주소의 사상 최대 매수세, 상장 기업들의 ETH 재무 전략 채택 등 주요 호재가 있었음에도 불구하고, 이더리움은 부진한 흐름으로 해당 월을 마무리했다.
저자  FXStreet
23 시간 전
이더리움(ETH)은 화요일 3% 하락하며 6월의 하락세를 이어가고 있다. 6월에는 현물 상장지수펀드(ETF) 자금 유입 급증, 누적 지갑 주소의 사상 최대 매수세, 상장 기업들의 ETH 재무 전략 채택 등 주요 호재가 있었음에도 불구하고, 이더리움은 부진한 흐름으로 해당 월을 마무리했다.
placeholder
트럼프 ‘빅 뷰티풀 법안’ 상원 통과… 비트코인·가상자산 동반 하락비트코인(BTC)은 3일 아시아 장 초반에서 1.5% 하락했다. 이는 도널드 트럼프 미국 대통령과 일론 머스크 테슬라 CEO 간의 갈등 속에서 ‘원 빅 뷰티풀 법안’이 가까스로 상원을 통과한 이후, 암호화폐 시장이 전반적인 하락세를 보인 데 따른 것이다.
저자  FXStreet
18 시간 전
비트코인(BTC)은 3일 아시아 장 초반에서 1.5% 하락했다. 이는 도널드 트럼프 미국 대통령과 일론 머스크 테슬라 CEO 간의 갈등 속에서 ‘원 빅 뷰티풀 법안’이 가까스로 상원을 통과한 이후, 암호화폐 시장이 전반적인 하락세를 보인 데 따른 것이다.
goTop
quote