From Yahoo Finance: 2025-05-12 13:56:00

Arthur Hayes, former BitMEX CEO, enthusiastically hailed a U.S.-China trade breakthrough, prompting a call to “BUY EVERYTHING CHI-MERICA LIVES!!!!” after the nations agreed to a 90-day tariff moratorium, easing market tension.

Tariffs on imports from China to the U.S. will drop from 145% to 30%, while those from the U.S. to China will decrease from 125% to 10%, effective May 14, to facilitate trade talks.

Bitcoin spiked over $105,000 and Ether maintained above $2,500 post-trade news, with the GMCI 30 Index, tracking large-cap crypto assets, up over 4% and software stocks rallying.

Nasdaq Composite and S&P 500 surged 3.39% and 2.69%, respectively, following the tariff truce, signaling positive market sentiment.

Hayes urges investors to capitalize on reduced trade tensions, increased institutional adoption, and macro improvements, anticipating a broader digital asset class breakout post-truce.

Bitcoin is currently trading at $103,143.95, down 0.84% in the last hour, per Kraken’s price feed, as markets remain optimistic post-trade agreement.

Read more: Veteran analyst declares ‘buy everything’ as U.S.-China tariff truce lifts markets