Bitcoin and Ethereum have experienced gains in the past 24 hours as traders assess the potential economic fallout from the escalating trade tensions between the US and China. Beijing has announced additional stimulus measures to counteract the external pressures facing the Chinese economy. Singapore-based digital asset trading firm QCP Capital has highlighted the first-ever White House Crypto Summit as a catalyst for investor hopes, although cautioned that the mood could change. The temporary exemption of new US tariffs on imports from Mexico and Canada, as well as improving financial conditions, have also supported the crypto rally. If trade tensions escalate further, it could lead to global monetary easing and increased demand for alternative assets like cryptocurrencies.



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