Bitcoin, Ether, Solana Bounce on Eased Trade Tensions

Crypto markets have seen a rebound following easing trade tensions between Washington and Beijing. Following remarks from China's Ministry of Commerce clarifying that its rare-earth export controls are not blanket bans and will have minimal impact, confidence returned to the market. Additionally, U.S. Vice President Vance emphasized President Trump's willingness to negotiate reasonably with China. Consequently, Bitcoin has returned to nearly $114,000 with a 2% increase, while altcoins like Ether and Solana have surged by about 5% to 7%. However, this bounce only partially offsets the significant drops experienced due to previous trade war threats, with Bitcoin down 7.5% over the past week. Altcoins have fared worse, with substantial losses across the board during the same period, driven by market reactions to geopolitical developments.

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