According to Fox News, former President Donald Trump stated that a 'total reset' has been negotiated with China during recent tariff talks in Geneva. This development is significant for cryptocurrency traders, as previous US-China trade tensions have historically influenced Bitcoin and altcoin prices due to their impact on global risk sentiment and capital flows. Market participants should closely monitor any official details of the agreement, as easing trade barriers could boost investor confidence, potentially increasing inflows to the crypto market (source: Fox News, May 11, 2025).

According to The Kobeissi Letter, S&P 500 companies have generated $1.2 trillion in revenue from Chinese consumers over the last 12 months, as reported by Apollo. This amount is four times larger than the total US trade deficit with China, highlighting that approximately 7% of S&P 500 revenues are directly tied to the Chinese economy (source: The Kobeissi Letter on Twitter, May 10, 2025). For cryptocurrency traders, this substantial exposure means that any shifts in US-China economic relations or Chinese consumer demand could significantly impact US equity markets, which often correlate with crypto market sentiment and liquidity.