Bitcoin and Ethereum Prices Show Mixed Trends Amid US-China Trade Talks

Washington, D.C. — U.S. stock futures saw an uptick Sunday evening after the White House announced progress in trade discussions with China. Dow futures rose by 1.3%, while S&P 500 and Nasdaq 100 futures climbed by 1.4% and 1.6%, respectively.

The optimism followed statements from Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer, who described the two days of negotiations in Switzerland as “productive” and “constructive.” “We made substantial progress between the U.S. and China in the very important trade talks,” Bessent said following his closed-door meetings with Chinese officials.

Greer emphasized the rapid pace of discussions, indicating that there are narrower differences between the two nations than previously thought. This development could help address the U.S.’s ongoing $1.2 trillion trade deficit. Currently, the U.S. imposes a 145% tariff on many Chinese imports, while China levies tariffs up to 125% on American products.

However, despite the positive tone from the U.S. officials, specific details about potential tariff changes were not disclosed. This lack of clarity seemed to impact the cryptocurrency market adversely.

As of Sunday evening, Bitcoin fell by 0.6% to $103,900, while Ethereum dipped by 2.9% to $2,507. Several altcoins, including Dogecoin and Solana, registered declines between 4% and 8%, amid heightened market liquidations. Data from CoinGecko highlighted this downturn in the crypto sector.

A joint statement from the White House regarding the trade talks is expected to be released on Monday, potentially providing more insights into the discussions.