Cryptocurrencies Trade Lower Despite U.S.-China Deal; Bitcoin Holds Above $106,000

Quick overview

The crypto market remains calm even as global equities reach new all-time highs following the announcement of a de-escalation agreement between the U.S. and China.

Major cryptocurrencies are holding steady with limited volatility after the trade pact, in a context where risk assets globally are rallying. Bitcoin (BTC) is hovering near $107,000.

BTC is down 0.5% in the past 24 hours to $106,687, though it still posts a 2.2% gain so far this week. Ethereum (ETH) has slipped 0.7% to $2,426.67, extending a 3% weekly decline.

XRP (XRP) is the biggest loser on Friday, dropping 2.1% to $2.08 and down 8.8% over the past 30 days. BNB (BNB) is little changed at $645.39, while Solana (SOL) is down 0.5%, extending its weekly decline to 1.6% and trading at $142.44.

Tron (TRX) edged down 0.1% to $0.2715, Dogecoin (DOGE) fell 0.6% to $0.1592, and Cardano (ADA) lost 1.1% to $0.5495, extending its recent slide to 6.9%.

Global Trade Truce Sets Stage for Crypto Upside

The ceasefire in the Middle East and the U.S.-China trade deal have eased global tensions, creating a more favorable backdrop for cryptocurrencies.

In this context, BTC appears to have a clearer path toward new highs. It reached an all-time high of $111,891.30 on May 22, 2025. According to on-chain data from analytics firm Bitcoin Vector, Bitcoin liquidity posted its first significant expansion in June after hitting a three-year low, Criptonoticias reported.

Although BTC remains just below its record, Bitcoin Vector noted a “constructive shift” in the market, with capital “returning cautiously” and “laying the groundwork for a new phase.”

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Ignacio Teson

Economist and Financial Analyst

Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.

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