The financial world is holding its breath as it awaits a meeting in London on June 9, where top trade officials from the world’s two largest economies will restart negotiations.
The US delegation, led by Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and Trade Representative Jamieson Greer, is expected to find a way out of the protracted trade war. President Donald Trump expressed optimism, calling it a promising “productive” meeting after a lengthy phone call with Chinese President Xi Jinping.
However, the road to a deal remains rocky. While the two sides made some tentative progress in the previous round of talks in Geneva, easing some tariffs, core disagreements remain.
Beijing remains wary of Washington’s moves, from advising chip companies to limit cooperation, tightening visas for Chinese students, to accusing the US of delaying the export of rare earths - a strategic resource for the global technology industry.
These tensions have created a wave of uncertainty that has engulfed traditional financial markets. But amid the storm, one asset class is shining brightly.
The outcome of the US-China trade talks is expected to affect the global economic outlook, and the cryptocurrency market is also feeling the impact of these trade tensions (Photo: CoinGrape).
Bitcoin Rises Strongly Amid Global Economic Uncertainty
As traditional investors scramble for safety, the cryptocurrency market has seen a stunning boom. According to data from analytics platform Santiment, trading volumes and interest in cryptocurrencies are soaring. This points to a clear trend: more investors are turning to digital assets as a hedge against geopolitical and economic volatility.
The most obvious example is bitcoin. Despite conflicting predictions, the king of coins had a spectacular breakout, surpassing the $104,000 mark on June 6 and then continuing to conquer new heights.
This impressive price surge is no coincidence. It reflects an increasingly close correlation between macroeconomic health and crypto market performance. As trust in the traditional financial system is shaken by trade wars and unpredictable monetary policies, bitcoin, with its decentralized nature and finite supply, is increasingly asserting its position as the “digital gold” of the 21st century.
The optimism is not limited to bitcoin. Data from Santiment also shows that the number of people holding leading cryptocurrencies such as ethereum and bitcoin is growing steadily. The number of ethereum holders has reached 148.38 million, while the number of bitcoin holders has also hit a record high of 55.39 million.
The sharp increase in the number of users indicates a wave of wider adoption, as retail investors also begin to see cryptocurrencies as an integral part of their portfolios to cope with global political and trade tensions.
Interest rates - Trump's "card" and fuel for crypto's rally?
Another factor fueling the crypto market is pressure from President Trump on the Federal Reserve to cut interest rates. Trump has repeatedly called for a sharp rate cut to stimulate the economy, a move that has drawn particular attention amid ongoing trade negotiations.
In theory, lower interest rates would reduce the cost of borrowing, spur economic activity and potentially lead to higher inflation. In such an environment, fixed-supply assets like bitcoin become more attractive as effective hedges against inflation. As a result, the cryptocurrency market has often reacted positively to any signs of possible monetary easing.
The outcome of the June 9 talks could have a major impact on the Fed’s decision. A negative outcome could force the Fed to cut interest rates to support the economy, indirectly giving a huge boost to bitcoin and altcoins. Conversely, a successful deal could help stabilize the market, but the bullish sentiment and capital flows into crypto are unlikely to reverse in the short term.
Clearly, the cryptocurrency market is no longer an isolated oasis. It is increasingly intertwined and responsive to the complex developments of the world economy and politics.
The London summit will not only shape the future of US-China relations, but could also be a key catalyst in determining whether the current bitcoin boom is just the beginning of a new historic growth cycle.
Source: https://dantri.com.vn/kinh-doanh/london-96-canh-bac-my-trung-va-co-hoi-but-pha-cua-bitcoin-20250608123332628.htm
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