The easing of US-China relations boosts the crypto market rebound, with mainstream tokens collectively rising over 4%.

The subtle changes in geopolitics are injecting new vitality into the crypto market.
On October 20, the total market value of cryptocurrencies rose by 3.31%, reaching $3.76 trillion. Bitcoin increased by 3.88%, while Ethereum surged by 4.43%. Mainstream Tokens such as BNB, XRP, and Solana all showed gains. The 24-hour trading volume skyrocketed by 40%, reaching $145 billion, indicating a noticeable warming of market sentiment.
The catalysts come from multiple aspects. Firstly, there are signs of easing in the China-U.S. trade relations, and the positive signals before the APEC summit have collectively relieved risk assets. President Trump’s statement that "things will go well with China" has also reassured the market.
Secondly, the expectation of the Federal Reserve cutting interest rates is becoming increasingly strong, with CME futures indicating a 99% probability of a rate cut in November. A low interest rate environment has always favored high-risk assets, and cryptocurrency naturally benefits.
The third positive factor comes from the regulatory level. The Federal Reserve's upcoming payment innovation conference will see participation from crypto giants like Chainlink and Circle. This high-level dialogue is seen as a positive signal for the traditional financial system's acceptance of cryptocurrencies. #加密市场观察