EddieJayonCrypto
12 May 25
Crypto markets maintained gains over the weekend amid US-China trade talks with no official deals made. Reports surfaced about Donald Trump prioritizing early trade negotiations with about 20 countries, including Japan, South Korea, and Vietnam. The Federal Reserve held interest rates steady last we...
Crypto markets maintained gains amid ongoing US-China trade talks and President Trump’s prioritized trade partner list, including key countries like Japan, South Korea, and Vietnam. The Federal Reserve kept interest rates steady last week, citing macroeconomic uncertainty related to tariff tensions and adopting a cautious “wait and see” approach. This week features several key economic reports: April’s Consumer Price Index (CPI) on Tuesday, OPEC’s monthly report on Wednesday, Producer Price Index (PPI) and Retail Sales data on Thursday, Fed Chair Powell’s speech also on Thursday, and Michigan Consumer Sentiment on Friday. US-China trade negotiations showed substantial progress according to the White House and US Treasury Secretary Scott Bessent, describing talks as productive. Crypto market capitalization hovered near multi-month highs around $3.45 trillion. Bitcoin traded near $104,000, just 4.4% below its all-time high, achieving an 11% gain over the past week. Ethereum surged over 40% in the past week, reaching close to $2,600 before settling near $2,525. Altcoins also performed well over the weekend but showed slowing momentum entering the new week. Recent editorials focused on crypto presales, exchange reviews, and the growing adoption of blockchain technologies, highlighting trends investors should watch. Despite the absence of official trade deals, markets held onto gains as geopolitical dialogues continue, underscoring the intertwined nature of global trade and crypto market dynamics.