Bitcoin Tops $93K as Trump's U.S-China Tariff Optimism Fuels Crypto Rally
●Altcoins led by ETH, DOGE, SUI followed BTC higher as Treasury Secretary Bessent's comments on U.S.-China trade boosted risk appetite.
●Bitcoin surged past $93,000 on Tuesday afternoon amid optimism over U.S.-China trade relations, while the broad-market CoinDesk 20 Index gained 7% over the past 24 hours.
●President Trump said U.S. tariffs on China "will come down substantially" from the current 145%. Treasury Secretary Scott Bessent said at a closed event that the tariff standoff between U.S. and China is "unsustainable" and expressed hope for de-escalation.
●Despite today's rally, on-chain data suggests underlying market fragility with BTC facing resistance, according to a CryptoQuant report