The global cryptocurrency market is witnessing a sharp rebound on renewed optimism over a potential U.S.–China trade breakthrough.
Specifically, within just 24 hours, total market capitalization surged from $3.69 trillion to $3.84 trillion, adding roughly $150 billion in value.
Crypto market cap chart. Source: CMC
Several assets have been at the forefront of this momentum. For instance, as of press time, Bitcoin (BTC) had climbed 1.54% to $113,566, while Ethereum (ETH) followed with a 3.39% rally to $4,076.
Solana (SOL) rose 2.49% to around $198, BNB (BNB) gained 1.91% to $1,135, and XRP joined the uptrend with a 2.70% increase to $2.65.
Top crypto market gainers. Source: Finbold
Why crypto market is rallying
The surge came after significant developments in Beijing and Washington, where China’s Vice Minister of Commerce announced that both nations had reached a “consensus” on key trade issues. The discussions reportedly covered export controls, tariff suspensio
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