Donald Trump Makes Nice With China, But Why Are The Bitcoin And Ethereum Prices Still Crashing?

bitcoinistОпубликовано 2025-10-31Обновлено 2025-10-31

Введение

U.S. President Donald Trump revealed that he had reached a deal with China’s President Xi Jinping in relation to trade...

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U.S. President Donald Trump revealed that he had reached a deal with China’s President Xi Jinping in relation to trade relations. Despite his revelation, Bitcoin and Ethereum prices declined sharply, sparking concerns of an imminent bear market. 

Donald Trump Makes Deal With China, But Bitcoin and Ethereum Decline

In a Truth Social post, Donald Trump announced that he and China’s president agreed on “many things,” while others of high importance were close to being resolved. As part of the agreement, the U.S. president stated that the proposed 100% tariffs would no longer go into effect and reduced the tariffs on China from 57% to 47%. However, despite these deals between the two countries, Bitcoin and Ethereum prices crashed following his announcement. 

Related Reading: Here’s What Happens To The Bitcoin, Ethereum, And Dogecoin Prices If The Fed Cuts Rates Again

The Bitcoin price dropped to as low $107,000 following the U.S.-China agreement, which included a 1-year truce. Meanwhile, Ethereum dropped to as low as $3,7000 on the day amid a broader crypto market crash. A trade deal between the U.S. and China was expected to spark a significant market rally, given that trade tensions had initially contributed to the $19 billion liquidation event on October 10. 

However, the trade agreement between U.S. President Donald Trump and China’s president appeared to have been priced in, which is why Bitcoin and Ethereum, along with the broader crypto market, crashed. Notably, the market had rallied on Sunday after the U.S. Treasury Secretary Scott Bessent revealed that they had reached a trade framework for both presidents to work with. 

It is worth noting that Fed Chair Jerome Powell’s speech contributed to the decline in Bitcoin and Ethereum prices. Powell had mentioned at the FOMC press conference that a December Fed rate cut was far from certain. This sparked bearish sentiment in the market as traders are currently pricing in another 25 basis points (bps) cuts at the December FOMC meeting. 

Slowdown In Demand For BTC and ETH

A CryptoQuant analysis revealed a noticeable slowdown in U.S. investor demand for Bitcoin and Ethereum across both spot and derivatives markets. The analysis indicated this was one of the reasons for the lower BTC and ETH prices. ETF inflows, spot exchange premiums, and futures basis metrics all suggest that this current phase reflects “profit-taking and cautious positioning” rather than renewed accumulation. 

Bitcoin
Source: Chart from CryptoQuant 

CryptoQuant further noted that U.S. spot Bitcoin ETFs have turned net sellers, with a seven-day average outflow of 281 BTC, which is one of the weakest readings since April. Similarly, the Ethereum ETF inflows have almost stalled since mid-August, which underscores “subdued investor confidence.”

Related Reading: Ethereum Is Now Outperforming Bitcoin In This Major Metric

The analysis also revealed that spot demand on U.S. crypto exchanges has slowed. The Coinbase premium for both Bitcoin and Ethereum has reached zero, which underscores the slowdown in demand. CryptoQuant noted that price rallies historically coincide with positive premiums. As such, the flattening indicates reduced domestic buying pressure.

Bitcoin
BTC trading at $109,397 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from iStock, chart from Tradingview.com
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Scott Matherson

Scott Matherson

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

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ЦИФРОВОЕ ЗОЛОТО ($BITCOIN): Комплексный анализ Введение в ЦИФРОВОЕ ЗОЛОТО ($BITCOIN) ЦИФРОВОЕ ЗОЛОТО ($BITCOIN) — это проект на основе блокчейна, работающий в сети Solana, который стремится объединить характеристики традиционных драгоценных металлов с инновациями децентрализованных технологий. Хотя он носит имя Биткойн, часто называемого “цифровым золотом” из-за его восприятия как средства хранения ценности, ЦИФРОВОЕ ЗОЛОТО является отдельным токеном, предназначенным для создания уникальной экосистемы в ландшафте Web3. Его цель — позиционировать себя как жизнеспособный альтернативный цифровой актив, хотя детали его применения и функциональности все еще развиваются. Что такое ЦИФРОВОЕ ЗОЛОТО ($BITCOIN)? ЦИФРОВОЕ ЗОЛОТО ($BITCOIN) — это токен криптовалюты, специально разработанный для использования в блокчейне Solana. В отличие от Биткойна, который выполняет широко признанную роль хранения ценности, этот токен, похоже, сосредоточен на более широких приложениях и характеристиках. Примечательные аспекты включают: Инфраструктура блокчейна: Токен построен на блокчейне Solana, известном своей способностью обрабатывать высокоскоростные и недорогие транзакции. Динамика предложения: ЦИФРОВОЕ ЗОЛОТО имеет максимальное предложение, ограниченное 100 квадриллионами токенов (100P $BITCOIN), хотя детали о его обращающемся предложении в настоящее время не раскрыты. Утилита: Хотя точные функциональные возможности не описаны, есть указания на то, что токен может быть использован для различных приложений, потенциально связанных с децентрализованными приложениями (dApps) или стратегиями токенизации активов. Кто создатель ЦИФРОВОГО ЗОЛОТА ($BITCOIN)? На данный момент личность создателей и команды разработчиков, стоящих за ЦИФРОВЫМ ЗОЛОТОМ ($BITCOIN), остается неизвестной. Эта ситуация типична для многих инновационных проектов в области блокчейна, особенно тех, которые связаны с децентрализованными финансами и феноменом мем-криптовалют. 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