Bitcoin

Geopolitical détente between the world's two largest economies tends to boost risk-on assets by improving trade flow expectations and lowering systemic risk premiums. However, with the Fear & Greed index at 27 and BTC dominance high, the market is already pricing in macro headwinds, and this photo-op does little to shift structural concerns like tariffs or tech decoupling. For crypto, the primary channel is through broader liquidity and investor sentiment, but the effect is marginal compared to monetary policy or regulatory news.

US President Donald Trump visited Beijing and was welcomed by Chinese leaders with flattery and fanfare, though the article notes that thorny issues remain.