Market analysts consider this movement a short-term correction and advise investors to remain prepared for volatility. The decline in Bitcoin prices coincides with global economic uncertainties and developments in US-China trade negotiations.

Critical Update on US-China Trade Talks

US Treasury Secretary Scott Bessent stated that the Trump administration aims to finalize a rare earth trade deal with China by November 27. Bessent expressed confidence that China will honor the agreement. This announcement marks a significant milestone in US-China trade relations.

The deal framework currently suspends the implementation of tariffs of up to 100% on goods imported from China. In return, China has agreed to postpone the licensing regime for rare earths and magnets throughout the year. This development is crucial for global technology and defense industries.

Rare Earths and Global Market Impact

Rare earths play a vital role in electronics, electric vehicles, and defense industries. A US-China agreement could strengthen supply chain security, providing a key reference point for technology companies and investors.

By suspending the threat of tariff hikes on critical imports, the US helps reduce global market uncertainty and ensures trade stability. The deal is expected to be completed by the end of the year.

Economic and Political Implications

Experts suggest that finalizing the deal could ease trade tensions between the US and China. Furthermore, securing a reliable supply chain for rare earths offers a critical advantage for technology companies.

Bessent stated, “I am confident that China will honor their agreements,” sending a positive signal regarding ongoing negotiations between the two nations. This statement is considered an important reference for both the US and global economy.

Key Highlights:

• Bitcoin (BTC) dropped to $94,000, down 2.08% in the last 24 hours.

• $100 million worth of long positions were liquidated in the past 60 minutes.

• US-China rare earth trade deal targeted to be finalized by November 27.

• The US suspends tariffs of up to 100% on imported goods from China.

• China agrees to postpone rare earth export licensing throughout the year.

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The rally also triggered a wave of liquidations among overleveraged short traders, marking another volatile start to the week across digital asset markets.

Altcoins Follow Bitcoin’s Lead: ETH, SOL, and ADA Surge

After fluctuating between $108,000 and $111,000 last week, Bitcoin regained momentum late Saturday. U.S. Secretary of State Bessent hinted at progress in trade talks with Beijing, suggesting that a deal could be announced after this weekend’s leaders’ summit in Europe. The news instantly boosted risk appetite across markets.

BTC quickly broke above $112,000 and $113,000, and as Asian traders came online, the rally extended past $115,000.

Altcoins mirrored the move, with strong gains across the board:

• Ethereum (ETH) climbed over 7%, trading above $4,200.

• Solana (SOL) gained 5.5%, reclaiming the $200 level.

• Cardano (ADA) rose 4.7%, nearing $0.70.

• Zcash (ZEC) surged over 24%, leading the altcoin market.

This broad-based recovery signals growing confidence and renewed bullish sentiment across crypto markets.

$370 Million in Liquidations as Shorts Get Squeezed

The rapid upswing in Bitcoin and major altcoins dealt a heavy blow to short-term leveraged traders. Data from CoinGlass shows that over $370 million in positions were liquidated within 24 hours, affecting nearly 110,000 traders globally.

Despite the shakeout, analysts say that if Bitcoin can hold above $115,000, the market could see the early stages of a new bullish breakout. This potential shift in sentiment has sparked discussions about whether a new all-time high could be on the horizon.

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Tariff Levels

According to the agreement, the US will maintain tariffs on Chinese goods at 30%; China will keep tariffs on US products at 10%. This arrangement will be valid until August 12th. However, after this date, whether the tariffs will return to previous levels will depend on US President Donald Trump’s approval. Bessent stated that if Trump does not approve, tariffs will revert to their April 2nd levels or another level decided by Trump.

You may find this article interesting: Striking Ethereum (ETH) Prediction from Standard Chartered!

Content of the Talks

During the talks in Stockholm, not only tariffs but also topics such as China’s investment restrictions on the US, fentanyl supply, and energy trade were discussed. Both sides expressed their willingness to maintain open communication and build a more balanced trade relationship.

Global Economic Impacts

The International Monetary Fund (IMF) stated that the US’s wide-ranging tariffs have negatively impacted global economic growth and fueled inflation. However, a relaxation in some trade measures has raised the global GDP forecast for 2025 to 3%.

Although this agreement between the US and China has prevented the trade war from escalating further, the situation of tariffs after August 12th remains uncertain. Whether the tariffs will continue will be crucial not only for the two countries but also for the future of the global economy.

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The post Trump’s Decision on Tariffs Could Affect China Trade! appeared first on Coin Engineer.

Trade Talks and Futures Fuel the Rally 

The rally was supported by positive sentiment surrounding ongoing trade talks between the U.S. and China in London. Expectations of reduced tariffs hold the potential to ease global trade tensions. Such developments boost capital flows into riskier assets, positively impacting assets like Bitcoin. A 90-day temporary trade agreement between the U.S. and China in May similarly drove BTC prices upward. 

On the other hand, markets are not anticipating a rate cut at the FOMC meeting on June 18. According to the FedWatch tool, the probability of interest rates remaining unchanged is 99.9%. Therefore, the likelihood of a rate cut is largely dismissed. Positive trade outcomes could offset inflation pressures from upcoming CPI data, potentially reducing concerns about tighter Fed policies impacting crypto markets. 

Futures Market Sees Strong Interest: Open Interest Hits Record High 

Bitcoin’s climb past $110,000 was driven by growing investor interest in the futures market. According to CoinGlass data, total open interest (OI) reached $77 billion on June 10, marking the highest level in the past two weeks. This increase highlights strong demand for long BTC positions. 

Over the past 24 hours, BTC open interest surged by 8%, signaling a shift toward leveraged trading. On the same day, the CME Bitcoin futures market hit a record with 151,915 BTC in open interest, valued at $16.6 billion. Derivatives trading volume also saw significant growth, rising 112% to $114.3 billion in the last 24 hours. This indicates strong market-wide support for the upward momentum. 

Liquidations of short BTC positions further reinforced the price increase. As of June 10, $195 million in short positions were liquidated, while long position liquidations amounted to only $9.3 million. These figures underscore the strong bullish momentum in the market. 

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May 19, Monday 

• Coinbase was included in the S&P 500 index on May 19, 2025. 
• Eurozone annual inflation rate announced at 2.2%.
  (Expected: 2.2%, Previous: 2.2%) 

May 20, Tuesday 

• Pyth Network (PYTH) unlock event to take place.
  Unlocked amount: 2.13 billion tokens
  Value: $333.86 million
  Market cap ratio: 58.3% 

May 21, Wednesday 

• Solana (SOL) developer conference. New ecosystem projects or partnerships may support SOL price. 
• S&P Global Manufacturing and Services PMI Preliminary Data (May 2025). These figures will reflect economic activity in the US. Manufacturing PMI is expected to rise from 50.2 to 50.5, Services PMI from 50.8 to 51.0. 

May 22, Thursday 

• Bitcoin Pizza Day event. 
• Gala dinner hosted by US President Donald Trump, exclusively for the largest 220 $TRUMP coin holders. 
• 12:30 (UTC): US Unemployment Claims. (Expected: 227k, Previous: 229k). 

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The 90-day tariff reduction between the US-China is fostering optimism in markets. Fears of a trade-induced recession have eased. This is boosting risk sentiment and pushing long-term bond yields higher. The 10-year Treasury yield, which fell to 4.1% in early April, climbed above 4.5% on Tuesday, hitting a one-month high. Investors are reassessing expectations for Fed policy easing. Last week, markets priced in four rate cuts, but now only two are expected by year-end. 

April inflation data came in below expectations, surprising markets. However, analysts believe firms stocked up ahead of tariffs, potentially delaying consumer price impacts. Despite rising real yields, the crypto market remains resilient. Bitcoin is trading at $104,000, near its all-time high. 

Bitcoin’s Resilience and Market Dynamics 

Bitcoin remains strong despite rising bond yields. David Lawant from FalconX notes that Bitcoin’s “digital gold” identity is maturing, supporting long-term institutional interest. According to CoinGecko, Bitcoin is just below its January record. Cryptocurrencies are undergoing a resilience test amid fluctuating risk sentiment. David Lawant, head of research at FalconX, said: 

“This volatility reflects ongoing uncertainty around trade and fiscal policy, inflation, economic growth, monetary policy, geopolitical risks, and more,” he said. “Bond market volatility has eased slightly since April but remains elevated.” 

The US-China tariff reduction is boosting risk appetite in global markets. However, more cautious expectations for Fed rate cuts are pushing bond yields higher. This creates both opportunities and risks for the crypto market. Investors are closely monitoring Bitcoin’s resilience against volatility. 

Analysts say the 90-day mutual tariff reduction between Washington and Beijing has helped alleviate trade-related fears, boosted risk sentiment, and driven long-term yields higher. 

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