Investor sentiment across the crypto sector remains shaky, even after U.S. President Donald Trump announced a long-awaited trade deal with China earlier this week — a move that many expected to inject optimism into global markets.
According to data from the Crypto Fear & Greed Index, overall sentiment still sits in the “Fear” zone, registering a score of 37 on Sunday. That’s only a modest improvement from 33 the day before, suggesting traders remain cautious despite signs of diplomatic progress.
Trade deal brings cautious optimism
In an official statement, the White House described the U.S.–China agreement as “a massive victory that safeguards economic strength and national security while prioritizing American workers, farmers, and families.”
The crypto community has closely tracked developments between the two countries since the start of Trump’s second term. Historically, tariff-related headlines have had a noticeable effect on Bitcoin and the wider crypto market, with sudden swings often following new policy announcements.
For example, when Trump temporarily froze reciprocal tariffs on April 9, the sentiment index jumped from “Extreme Fear” at 18 to “Fear” at 39 within 24 hours. By contrast, his more recent threat to impose 100% tariffs on Chinese goods triggered a steep sell-off on Oct. 11, wiping out nearly $19 billion in liquidations in a single day.
Analysts call this “the early bull stage”
Since that crash, crypto prices have struggled to fully recover. However, several analysts believe the market is nearing a key inflection point.
“This will likely be remembered as one of the bottom days in hindsight,” said Michael van de Poppe, founder of MN Trading Capital, adding that the market remains in the “early stages of the next bull cycle” for both Bitcoin and altcoins.
Meanwhile, the White House confirmed that its suspension of heightened tariffs on Chinese imports will remain in place until November 10, 2026, offering some medium-term clarity for investors.
Traders split on near-term outlook
Some traders have reacted positively to the move. “This certainty is bullish for markets,” said Ash Crypto, while fellow analyst 0xNobler described it as “GIGA bullish news.”
Still, the optimism hasn’t yet translated into price action. As of press time, Bitcoin (BTC) trades around $110,354, up 0.26%, while Ethereum (ETH) sits near $3,895, a 0.84% daily increase, according to CoinMarketCap.
Despite the modest uptick, market sentiment remains fragile — a reminder that even geopolitical breakthroughs may not be enough to fully restore confidence after months of uncertainty.
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