A widely used crypto market sentiment indicator remains uncertain despite improved US-China trade relations. The Crypto Fear & Greed Index scored 37, up from 33 on Sunday, reflecting the impact of the trade deal between Trump and Xi Jinping. Trump’s threat of 100% tariffs previously caused a $19 billion crypto market crash.

US-China trade developments influence crypto market sentiment. Trump’s suspension of reciprocal tariffs in April led to a surge in the Fear & Greed Index from 18 to 39. The recent trade deal has yet to impact the market significantly, with Bitcoin at $110,354 and Ether at $3,895.

The White House stated that the US will maintain the suspension of heightened reciprocal tariffs on Chinese imports until November 10, 2026. Analysts believe the market is still in the early stage of a bull cycle for Altcoins and Bitcoin. Traders express bullish sentiment towards the market following the trade deal announcement.

Read more at Cointelegraph: Crypto Sentiment Stays In ‘Fear’ After Trump’s Deal With China