Crypto’s Wild Ride: Trade Deal SAVES the Day! 🚀

Oy vey! So, the crypto market, it did a little dance – a SURGE, if you will – on Sunday. Apparently, this Scott Bessent, the US Treasury Secretary – a fine name, Bessent, very trustworthy sounding – announced that Washington and Beijing finally agreed on… a “framework.” A framework! Like building a house of cards! To avoid 100% tariffs. 100%! Can you believe it? President Trump, bless his heart, threatened to bankrupt China with tariffs. A bold strategy, let me tell you.

Bitcoin, it went up! 1.8% Up! To over $113,600! Who needs logic, am I right? And Ethereum? Climbed past $4,040! Almost as high as my Aunt Mildred’s blood pressure. The whole crypto shebang is now worth $3.88 TRILLION! A number so large, it’s practically a joke. Investor confidence? Back, apparently. After weeks of tariff-induced… whatever. 🤪

No Trade War Between the US and China (For Now…)

So, Bessent says, after two days haggling in Malaysia – Malaysia! 🌴 – with this Li Chenggang, China’s International Trade Representative, they agreed to… not have a tariff battle. For the moment. And to talk more. Oh joy! It’s like a romantic comedy, only with global economics!

Trump and Xi Jinping are supposedly meeting in South Korea on Thursday to iron out the details. I’m picturing a tense tea party. Lots of passive-aggressive biscuit placement.

BREAKING: US Treasury Secretary Bessent says China is “ready” to make a trade deal with the US after 2 days of negotiations.
Bessent says the agreement will remove President Trump’s 100% tariff set to go live November 1st.
– The Kobeissi Letter (@KobeissiLetter) October 26, 2025

This is a turnaround, a big turnaround, from October 10th, when Trump, he announces… 100% tariffs! The markets went into a tailspin! A full-blown panic!

The S&P 500 lost $1.2 TRILLION in 40 minutes! Forty minutes! It’s a disaster! And Bitcoin? Plunged! $200 BILLION vaporized! Gone! Poof! Like a magician’s rabbit! 🪄

Traders started yelling about “manipulation” and pointing fingers at Binance. Always someone to blame, eh? 🙄

Now, this Sunday announcement? It’s like a sprinkle of calm on a boiling pot of borscht. A potential “cooling” of tensions. A nice way to put it.

“President Trump gave me great negotiating leverage with the tariff threat,” Bessent says. Negotiating leverage! He practically threatened to bombard them with paperwork! And now they’ll “discuss many other things.” Oh, the possibilities!

Trump, he’s also busy signing deals with Cambodia, Thailand, and Malaysia. Because, you know, gotta collect ‘em all! More meetings planned with Xi before Lunar New Year and a big summit next fall. A busy man, this Trump. Very busy.

For crypto people – and believe me, I pity you – this shows how tied your fortunes are to the whims of politicians. Washington and Beijing can make Bitcoin jump higher than a kangaroo just by SHOUTING! It’s… it’s frankly terrifying. 😱

2025-10-26 15:52

No Trade War Between the US and China (For Now…)

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