According to QCP (@QCPgroup), global markets experienced a sharp rebound overnight after the announcement of a landmark $600 billion trade agreement between the US and Saudi Arabia, which features a rollback of tariffs and has reignited global risk sentiment. This surge in risk appetite is expected to positively impact the cryptocurrency market as traders seek higher-yielding assets in the wake of improved macroeconomic conditions and reduced trade tensions. Source: QCP (@QCPgroup), May 14, 2025.

According to KookCapitalLLC on Twitter, there is speculation about a possible tariff rollback, although no concrete details or sources were provided to confirm this development. Traders should remain cautious and seek verified information before making decisions.