Former President Donald Trump’s newly announced economic agreement with China was expected to ignite optimism across global markets, especially in crypto. Yet, the reaction from the crypto space has been surprisingly muted. Despite the deal being framed as a major win for trade and geopolitical stability, crypto investors are still holding back.
While traditional markets saw a slight bump in confidence, the same can’t be said for digital assets. Prices of major cryptocurrencies like Bitcoin and Ethereum remained relatively flat, with trading volumes staying low. This signals that traders aren’t fully convinced the China deal will significantly impact the crypto landscape—at least not yet.
Why Is the Crypto Market Unimpressed?
There are several reasons for the lukewarm response. First, the crypto market has become increasingly cautious in a high-volatility environment driven by global uncertainty, regulatory pressure, and interest rate speculation.
Second, even though a U.S.–China economic deal could improve overall market stability, it doesn’t directly address the issues holding crypto back, such as SEC enforcement actions, unclear regulations, and ongoing debates around stablecoins and central bank digital currencies (CBDCs).
Additionally, China’s historic crackdown on crypto still looms large. Many in the space remain skeptical of any deal involving China having a meaningful pro-crypto outcome unless China itself shifts its domestic stance on digital assets—which hasn’t happened.
INSIGHT: Crypto’s still scared, even after Trump’s big China deal. pic.twitter.com/KTSdGyrO1x
— Cointelegraph (@Cointelegraph) November 2, 2025
What’s Next for Crypto Investors?
The cautious mood in crypto highlights a broader trend: major political or trade developments are no longer enough to sway crypto sentiment on their own. Investors want clear policy progress directly related to blockchain, crypto regulation, and institutional adoption.
Until then, expect crypto to tread carefully, even when the headlines seem bullish.