Cryptocurrencies Trade Lower Despite U.S.-China Deal; Bitcoin Holds Above $106,000
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.
Quick overview
- The crypto market is stable despite global equities hitting new highs after a U.S.-China trade agreement.
- Bitcoin is currently priced at $106,687, down 0.5% in the last 24 hours but up 2.2% for the week.
- Ethereum and XRP have experienced declines, with XRP dropping 2.1% to $2.08 and down 8.8% over the past month.
- The recent global trade truce may create a favorable environment for cryptocurrencies, potentially paving the way for Bitcoin to reach new highs.
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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