US-China trade talks are set to begin in London today, as officials from both countries gear up for discussions. Crypto investors are keen to know how these talks might impact the crypto market, particularly popular cryptocurrencies like **Bitcoin** and **Ethereum**. Will a positive outcome boost confidence in digital assets, or will increased tensions lead to volatile price swings?
Recently, U.S. President Donald Trump revealed on Truth Social that key officials including Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer will meet with Chinese counterparts in London on June 9, 2025. China confirmed that Vice Premier He Lifeng will also participate in these discussions. This meeting follows a positive conversation between Trump and China’s President Xi Jinping, marking their first talk since the trade war’s initiation in February.
The trade war between the US and China commenced earlier this year when President Trump imposed a 125% tariff on Chinese goods. In retaliation, China raised tariffs on U.S. products, escalating tensions between the two nations. Trade tariffs peaked at 145%, causing significant uncertainty in global markets. However, a temporary truce was established in May in Switzerland, with the US reducing tariffs on Chinese goods to 30% and China reciprocating with a 10% tariff reduction.
The crypto market is closely watching these trade talks, given that in previous trade disputes, cryptocurrencies like Bitcoin have acted as safe havens during market instability. A successful outcome could reassure investors and stabilize crypto prices. Conversely, if talks fail or tariffs increase once more, Bitcoin and altcoins might experience a surge as investors seek assets less influenced by governmental policies and global affairs.
Additionally, data from Santiment indicates a growing interest in cryptocurrencies, with a record number of Ethereum, Bitcoin, and Dogecoin holders. This shift in sentiment towards crypto suggests that investors are exploring new avenues to grow their wealth amidst ongoing trade tensions and political conflicts.
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