[COIN NOW] Virtual asset market on edge due to expectations of US-China trade easing

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A visualization of cryptocurrency. Reuters Yonhap News
A visualization of cryptocurrency. Reuters Yonhap News

As the United States and China engage in trade negotiations in London, with the possibility of tariff reduction being raised, the global virtual asset market is keenly watching the related trends.

On the morning of the 11th, the global virtual asset market continues an overall upward trend. According to the cryptocurrency market site CoinMarketCap, as of 10:45 AM, the total market capitalization was approximately $3.45 trillion, increasing 0.28% from the previous day, with a 24-hour trading volume of $143.478 billion. The 'Fear and Greed Index', reflecting investment sentiment, reached 65, entering the 'greed' stage.

Bitcoin (BTC), ranked first in market capitalization, is currently trading at around $109,677, declining 0.29% from an hour ago and 0.19% from 24 hours ago, but rising 3.84% over the past 7 days. Its daily trading volume is approximately $54.747 billion, with about 499,530 bitcoins traded.

Ethereum (ETH) is showing strong momentum, rising 2.86% to $2,782 from the previous day. Its weekly increase has reached 6.51%, highlighting a notable recovery.

Stablecoin Tether (USDT) maintains its value at $1.00, supporting market liquidity without significant fluctuations, while XRP is trading at $2.28, down 1.23%. BNB slightly increased to $669. Solana (SOL) rose 2.26% to $163.92 and has increased 4.57% over the past 7 days.

The most notable rising coin today was Uniswap (UNI), drawing attention by rising 16.19% over 24 hours. Additionally, Chainlink (LINK) and Sandbox (SAND) showed increases of 5.28% and 0.95% respectively.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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