The Breakdown Bitcoin Surges on Hopes of a China Deal
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Oct 28, 2025 Bitcoin prices soared as optimism about a U.S.-China trade deal removes tariffs and rare earth restrictions. JPMorgan's groundbreaking decision to accept Bitcoin and Ethereum as collateral hints at a seismic shift in finance's approach to crypto. The podcast also dives into Binance's lobbying controversies and the implications of Trump's CFTC appointment. With bullish market predictions emerging, the discussion emphasizes caution as analysts weigh the potential for a sustained rally.
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China Deal Sparks Risk-On Rally
- News of a U.S.-China framework deal removed major tail risks and sparked a broad risk-on rally across crypto and equities.
- Bitcoin rose 3.3% and alts rallied as markets priced out 100% tariffs and delayed rare-earth export controls.
Major Tariff And Export Risks Withdrawn
- Treasury Secretary Janet Yellen (Scott Besson in transcript) said the 100% tariff threat is effectively off the table and China will defer rare-earth restrictions.
- That de-escalation included a one-year delay on rare-earth export controls and planned soybean purchases by China.
Prepare For A Pre-FOMC Pullback
- Expect a short pullback before the FOMC and use it to test support on lower timeframes.
- If those levels hold, position for a potential run toward new all-time highs in November.