Crypto Roars Back: Bitcoin Hits $105K as Ether, XRP Ride US-China Trade Deal Rally

Markets explode as digital assets catch fire—Bitcoin smashes through $105,000 while Ethereum and XRP lead altcoin charge. Trade deal optimism fuels the frenzy, proving once again that geopolitics moves crypto faster than any ’fundamental analysis’ ever could.

Wall Street analysts scramble to justify the move post-hoc—because nothing says ’serious asset class’ like reacting to headlines with the nuance of a bull in a china shop. Meanwhile, degens stack gains.

Markets move fast as risk appetite returns

Over on Wall Street, Dow futures surged 422 points, or about 1%. S&P 500 futures were up 1.38%, and Nasdaq-100 futures rallied 1.94%. The push came after a rough patch. All three major averages had closed lower last week. The Dow Jones slipped 0.2%, the S&P 500 dropped 0.5%, and the Nasdaq Composite fell 0.3%. That losing streak was broken hard today.

Traders are still watching what happens next. The truce on tariffs doesn’t mean the fight is over. But the sudden decision to step back, even temporarily, gave markets breathing room. The 90-day reduction is short, but enough to stir money into everything from crypto to equities.

The Commerce Secretary, Howard Lutnick, spoke on Sunday, saying the US will likely keep the 10% base tariff on imports from other countries. He said this would stay “in place for the foreseeable future,” backing up similar remarks TRUMP made days earlier. That means while the US might be dialing back on China, the general protectionist stance is not going anywhere.

Investors are now looking ahead to more numbers. On Tuesday, the April Consumer Price Index comes out. It will show how much inflation is creeping in. Then on Thursday, the market gets data on retail sales and the Producer Price Index, another key measure of inflation. All these reports will show if rising prices — and global tensions — are starting to hit the economy harder.

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