Crypto Rally Gains Momentum with Bitcoin Climbing Above $93K Amid U.S.-China Tariff Optimism

Crypto Markets Soar as Trade Easing Hopes Spark Broad-Based Rally

Bitcoin (BTC) skyrocketed past the $93,000 mark on Tuesday, fueled by renewed hopes for a resolution in the U.S.-China tariff dispute, which reignited investor appetite for riskier assets. The leading cryptocurrency gained nearly 7% on the day, its highest level since early March, as bullish sentiment spread across the digital asset landscape.

The surge followed remarks from U.S. Treasury Secretary Scott Bessent at a private JPMorgan gathering, where he described the ongoing tariff battle with China as unsustainable and suggested a near-term easing. While he warned that a long-term agreement could be years away, Bessent’s comments lifted market spirits by hinting at a shift in trade policy.

Later, President Donald Trump reinforced that optimism by announcing plans to “substantially” reduce tariffs from the current 145% rate, adding that Federal Reserve Chair Jerome Powell would remain in his role. The reassurance over trade and monetary policy helped stoke a strong rally across equities and crypto alike.

Altcoins rallied in tandem. Ethereum (ETH) climbed over 8% to trade above $1,700, while Dogecoin (DOGE) and Sui (SUI) posted impressive gains of 8.6% and 11.7%, respectively. The CoinDesk 20 Index, which tracks top digital assets, surged 5.2%, highlighting broad strength across the sector.

While the tone from Washington has fueled the latest leg higher, on-chain analytics firm CryptoQuant cautioned that lingering macro uncertainty could cap the upside in the near term. Still, with bullish momentum building, traders appear ready to ride the wave.