- The U.S. and China have rolled back tariffs; opening up for the the potential revival of economic relations between these two largest economies could fuel another crypto market rally.
- The US made its first successful trade deal in months with the UK, driving Bitcoin above $100,000 and renewing bullish sentiment in the crypto market.
- Layer 2 project Bitcoin Pepe emerges as one of the best crypto presales, riding the Bitcoin wave to reach tremendous heights in the coming bull cycle.
Trade tensions between the United States and China have significantly impacted global markets and impeded economic growth. The crypto market was also affected, extending its already ongoing correction. However, the US has started to reduce tariffs, which is now boosting the crypto prices and providing thrust to emerging presale cryptos like Bitcoin Pepe.
On May 9, Donald Trump posted on his Truth Social account, “China should open up its market to USA — would be so good for them!!! Closed Markets Don’t work anymore!!!”, proposing a talk with China to reduce levies and restart the trade of goods. He posted again, “80% tariff on China seems right!,” hinting at a potential reduction from the current 145%. Markets have certainly responded positively this week.
Earlier last week, the US struck a trade deal with the UK, the first one since the start of the 2025 trade war. The deal with the UK had a massive impact on the crypto market, with the Bitcoin and Ethereum prices breaking key resistance levels, driving the market momentum.
Positive macroeconomic events often lead to fresh capital inflows into crypto as investors’ risk appetite grows. The US is negotiating trade with more nations, with the major one being China, which will have a similar effect on the market, potentially fueling the largest bull run.
Historical data shows that emerging altcoins and presale crypto projects are the top performers in any bull cycle. One such project in an early stage is Bitcoin Pepe, which has climbed to the top of the list of the best crypto presales with $7.8m raised within just 13 weeks.
Bitcoin Pepe (BPEP): Degens can now trade memes on Bitcoin
The market is entering the next bull phase, and with BTC leading the direction, and Bitcoin Pepe is well-positioned for explosive growth as the first meme ICO on the Bitcoin network. More than just a meme, this Layer 2 solution is bringing “Solana on Bitcoin”, giving a facelift to the oldest blockchain network.
For meme coin enthusiasts, Bitcoin Pepe is a messiah, building a Solana-like scalable and efficient DeFi infrastructure on Bitcoin, so you can experience the best meme trading experience with lightning-fast speeds, low transaction fees, and top-notch security.
Using the new PEP-20 token standard introduced by Bitcoin Pepe, anyone can issue and launch assets natively on Bitcoin. This reduces the barrier to token creation, similar to how Ethereum did with the ERC-20 standard, which gave the network remarkable success.
The native token, BPEP, is selling like wildfire in the live token presale, as investors rush to get it at the low price of $0.0326 and make tremendous wealth by the end of the presale. BPEP is leading the best crypto presales, and the window is closing soon as the token is confirmed to launch across major CEXs on May 31.
Bitcoin (BTC): Growing government and institutional plays
Bitcoin has been the most trusted crypto for the longest time, and now, with growing global adoption, BTC is being called digital gold.
Due to increasing ETF inflows and institutional pouring, the Bitcoin price has reclaimed the $100,000+ territory for the first time since January. The US-UK trade deal significantly boosted the BTC price, helping break this psychological barrier.
New Hampshire and Arizona have officially signed laws, becoming the first two states in the US to establish a Strategic Bitcoin Reserve. Additionally, the U.S. Office of the Comptroller of the Currency (OCC) has permitted banks to offer crypto custody and management services, bringing digital assets into mainstream finance.
Currently, Bitcoin is trading at $104k. The Relative Strength Index has risen to 75 due to the massive bullish momentum in the past few days, which tells that BTC is overbought. However, the MACD oscillator continues to surge, indicating continued bullish pressure.
Ethereum (ETH): Pectra upgrade sparks rally
On May 7, the Ethereum network activated the Pectra upgrade, consisting of 11 proposals to improve the blockchain’s user experience, staking, flexibility, and scalability. Following this upgrade, many exchanges, including Binance, temporarily suspended transactions to support the smooth execution of the upgrade.
Due to the massive upgrade, ETH soon began surging, and the unfolding macroeconomic events further fueled this rally. The Ethereum price shot up over 20% on May 8 and continues to rise, currently trading at $2,380.60.
The next crucial resistance is $2,550, where the price could face significant bearish pressure. However, considering the ongoing technological and global advancements, if ETH breaks this resistance, the price could run to reclaim the ATH in this cycle.
Conclusion
The US has made a trade deal with the UK and is negotiating with China to bring down levies and resume the goods trade. Due to the resolution of the trade conflict, global markets are experiencing a positive trend shift, which is also boosting crypto adoption and helping emerging projects’ early growth.
Additionally, governments and institutions have started embracing Bitcoin as an asset with growth value, and its future price potential is growing stronger than ever. Bitcoin-based presale crypto project Bitcoin Pepe is taking advantage of this, piggybacking on the BTC price to climb to tremendous heights this altseason. The presale is closing soon, and the BPEP token will launch on prominent exchanges at the end of this month, on May 31, offering early investors a remarkable return on investment.
This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.
