According to The White House, the United States has officially announced a new trade deal with China during talks in Geneva (source: The White House, May 11, 2025). This agreement is expected to ease global trade tensions, which historically correlates with increased risk appetite in crypto markets. Traders should monitor Bitcoin and Ethereum for potential bullish momentum as reduced uncertainty and improved U.S.-China relations often lead to capital inflows into digital assets. Watch for increased trading volumes and possible breakouts on major cryptocurrencies as macroeconomic stability improves.