Bitcoin Rises Amid Expectations of Improved US-China Trade Relations – Market Info

Since April 24, 2025, the cryptocurrency market has experienced a slight increase – the total market capitalization rose by approximately 3% and currently stands at €2.64 trillion. Bitcoin’s market dominance continues to strengthen, with BTC dominance surpassing 65% for the first time since January 2021. Investor sentiment remains stable – according to the Fear and Greed Index, market mood has remained virtually unchanged, with the index value rising slightly from 52 to 53 points.

Bitcoin Rises Amid Expectations of Improved US-China Trade Relations

On Wednesday morning, Bitcoin strengthened by more than 3% and briefly surpassed the $97,500 mark. Ether, the second-largest cryptocurrency, also rose, gaining over 4%. This development is related to expectations that the upcoming talks between the United States and China could ease trade tensions that have negatively affected global markets in recent weeks.

The importance of these negotiations lies in the fact that the relationship between the world’s two largest economies has a direct impact on global trade, supply chains, and thus investor confidence. When there is hope for easing tensions, markets tend to respond positively – which this time was reflected in both the stock and cryptocurrency markets.

Specifically, US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are expected to meet with Chinese officials in Switzerland later this week. This is especially significant as it marks the first official contact of this type after several months of stagnation and rhetorical tension between the two sides. Investors view this meeting as a potential turning point.

FalconX, a company specializing in digital asset trading, has recorded increased demand for Bitcoin options targeting the $100,000 level in connection with this situation. This indicates that some investors believe Bitcoin could reach a new all-time high in the near future.

At the same time, it is notable that markets have virtually ignored rising tensions between India and Pakistan. Although there have been military clashes and aircraft were shot down, financial markets clearly do not perceive these events as an immediate threat to global stability. The reason may be the geographical location of the conflict, its limited economic impact, and the investors’ focus on US-China developments, which currently carry more weight for the global economic outlook. Source

New Hampshire Bets on Bitcoin: The First U.S. State That Can Officially Invest in Cryptocurrencies

New Hampshire has made history as the first U.S. state to officially allow investments in cryptocurrencies from the state budget. On May 6 2025, Governor Kelly Ayotte signed a law that gives the state treasury the authority to purchase digital assets – such as Bitcoin – as well as traditional precious metals.

However, the law includes certain restrictions: it only applies to cryptocurrencies with a market capitalization exceeding $500 billion. This means that smaller, riskier, or joke-based projects – like various “memecoins” – are excluded.

According to Republican representatives from New Hampshire, this move is intended to modernize the management of public finances while also supporting innovative technologies. The state is thus becoming one of the pioneers in exploring how the public sector can strategically engage with cryptocurrencies – not just as an observer, but as an active participant.

Similar efforts have also appeared in other states such as Arizona and Florida. However, none of these proposals succeeded – the governor of Arizona vetoed the bill, and in Florida, it was withdrawn before a vote could take place. New Hampshire has thus become the first to successfully pass such legislation, creating a precedent that other states may follow.

The debate around cryptocurrencies is no longer just a matter for individual states. In March, President Donald Trump signed an executive order to create a “Digital Asset Reserve” and a “Strategic Bitcoin Reserve.” Senator Cynthia Lummis also proposed a bill that would allow the federal government to hold more than one million previously confiscated bitcoins. This proposal is currently under review in the Senate.

With the new law, New Hampshire has clearly positioned itself among the leaders in adopting a modern approach to cryptocurrencies in public administration. Source

source: twitter

South Korean Presidential Candidate Promises Support for Cryptocurrency Investments

Presidential candidate and leader of South Korea’s Democratic Party, Lee Jae-myung, announced that if elected, he plans to support the introduction of spot crypto ETFs (exchange-traded funds) and implement additional measures to promote the crypto market. His goal is to create a more favorable investment environment, especially for younger voters, whom he identified as a decisive group ahead of the election scheduled for June 3.

Spot ETFs allow investors to buy cryptocurrencies indirectly through traditional financial markets, simplifying access to digital assets while regulating them similarly to other financial instruments. Currently, such products are banned in South Korea.

In his statement, Lee pledged not only to support the legalization of these ETFs but also to reduce trading fees for cryptocurrencies and improve consumer protection. This marks the first time he has openly addressed digital asset issues during his campaign. According to the latest National Barometer poll, he currently holds the highest voter support – 42%. Incumbent President Han Duck-soo trails with just 13%.

Similar promises to develop the cryptocurrency market were made by the Democratic Party during the 2024 parliamentary elections. However, the legislation at the time did not advance in parliament. The government was then led by the rival People Power Party, which also introduced its own reform proposal. That included the approval of ETFs, the removal of the “one exchange – one bank” rule, and a proposal to regulate so-called stablecoins – digital currencies pegged to the value of traditional currencies such as the U.S. dollar.

The “one exchange – one bank” rule in South Korea means that each cryptocurrency exchange can partner with only one bank. This system was introduced as a security measure – aiming to verify user identities and combat money laundering. However, critics argue that this requirement limits competition and hampers market development.

Cryptocurrencies are extremely popular in South Korea – it is estimated that around 16 million people have access to crypto exchanges. However, investor confidence was significantly shaken in December 2024 by a political crisis. Then-President Yoon Suk Yeol declared martial law, which led to a sharp decline in the price of Bitcoin and other cryptocurrencies. The situation stabilized after the Constitutional Court unanimously removed the president from office on April 4, and martial law was lifted. Source

Democrats Seek to Limit Trump’s Profits from Cryptocurrencies

A group of Democratic lawmakers in the U.S. has launched a coordinated initiative aimed at limiting President Donald Trump’s ability to profit from cryptocurrencies. They introduced two new legislative proposals and simultaneously announced the launch of an investigation focused on digital asset activities that use the Trump brand or name.

One of the proposed bills is called the MEME Act. Its goal is to prohibit the president, vice president, members of Congress, senior government officials, and their family members from actively promoting, creating, or financially profiting from cryptocurrencies. Violations of the law could result in fines of up to $250,000, forfeiture of profits to the state, and in some cases, up to five years in prison.

In addition to the legislative proposals, Senator Richard Blumenthal announced that the Senate subcommittee he chairs has launched a preliminary investigation into projects associated with the Trump name. Specifically, it is focusing on the TRUMP crypto token and the platform World Liberty Financial. The investigation centers on potential conflicts of interest and non-transparent profits, particularly in connection with the token’s sharp rise in value following the announcement that the largest holders would have the opportunity to attend a dinner at the White House – which significantly boosted demand and the token’s price.

The TRUMP token reached a peak price of $73 shortly after its launch in January. Since then, its value has dropped to around $11. Despite this, more than 2 million digital wallets still hold the token. While most holders have experienced financial losses, a small group of 58 investors reportedly earned more than $10 million each, with the group’s total profit amounting to approximately $1.1 billion. The token’s creator himself is said to have made a profit of around $320 million.

source: coinmarketcap

These findings have raised serious concerns about the potential misuse of political influence for personal financial gain through cryptocurrencies. Democratic lawmakers argue that such practices could undermine public trust in the transparency of the political process and the financial ethics of public officials. source

Crypto Products Attracted $2 Billion in a Single Week

According to a recent report by European investment firm CoinShares, cryptocurrency investment products saw $2 billion in new capital inflows over the past week. In total, $5.5 billion has flowed into these funds over the last three weeks. As a result, the total value of assets managed in global crypto ETPs (exchange-traded products) increased by 3.3%, rising from $151 billion to $156 billion.

Source: CoinShares

ETPs are instruments that allow investors to invest in cryptocurrencies through regulated financial markets without directly owning digital assets. This reduces technical and security barriers while increasing transparency and oversight of these investments.

Although investor interest remains high, the pace of capital inflow has slightly slowed. The previous week recorded a record investment volume of $3.4 billion. This means the current inflow is 41% lower but still represents the second-highest weekly inflow in history.

Bitcoin maintained its position as the primary recipient of new capital – $1.8 billion flowed into Bitcoin ETPs. While this is lower than the previous week (a 43% drop), it remains a significant volume. At the same time, interest in so-called short Bitcoin ETPs – products designed to profit from a decline in Bitcoin’s price – also increased. This category saw inflows of $6.4 million, representing a 300% rise. This trend indicates that some investors expect a price correction following the recent rally.

Among altcoins (alternative cryptocurrencies), Ether received the most attention with $149 million in investments. XRP followed with $10 million, suggesting that investors are increasingly seeking diversification beyond Bitcoin.

From the perspective of individual fund managers, the biggest winner of the week was BlackRock, whose products saw $2.6 billion in capital inflows. On the other hand, some managers such as ARK Invest and Fidelity Investments experienced outflows of $458 million and $201 million, respectively. Smaller outflows were also reported by companies like Bitwise, Grayscale, and ProShares. source

Source: CoinShares

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