US-China Tension Decreased: Balances are Changing in Bitcoin and Ethereum! - Coin Bulletin

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The temporary easing of tariffs between the US and China is said to increase the market's risk appetite, and developments that could change the balances in the prices of Bitcoin (BTC) and Ethereum (ETH) are also expected.

One of the leading analysis companies in the cryptocurrency market, QCP Capital, reported in its latest report that the temporary tariff reduction between the US and China has had a positive impact on the market. Accordingly, the US has reduced tariffs on products imported from China from 145% to 30%, while China has lowered its tariffs on US products from 125% to 10%. These developments have triggered investors' appetite for risk, creating a positive atmosphere in the markets.

According to QCP Capital's analysis, although Bitcoin (BTC) temporarily pulled back with the decrease in tariffs, it regained stability around $103,000. Ethereum (ETH), on the other hand, behaved relatively more resiliently during this process, maintaining its price around the $2,400 level. BTC's market dominance (dominance) fell below 63%, indicating that investors shifted their capital to crypto assets other than Bitcoin.

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Ethereum may stand out

Another point highlighted in the report is the strengthening role of Ethereum in the market. QCP Capital analysts noted that Ethereum has become more attractive in the eyes of investors with the recently conducted Pectra update. The company also emphasized that interest in long-term ETH contracts in the options market has started to increase, stating that this situation could make Ethereum an important investment vehicle in the upcoming period.

According to analysts, the general decrease in volatility in the markets and the strong stance shown by Ethereum means that investors may allocate more space for ETH in their portfolios. In this context, it is anticipated that ETH's weight in the cryptocurrency market may increase.