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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
11/02/2025

Crypto Market Sentiment Remains in "Fear" Zone Despite Trump's Trade Deal with China

Even as the newly announced US-China trade deal is expected to bring stability to the global economy, crypto market sentiment has yet to escape "fear" territory. According to the Crypto Fear & Greed Index, overall market sentiment on November 2 remained at 37 (Fear), only a slight uptick from the previous day's reading of 33. Analysts suggest this could be an early signal that the market is gradually stabilizing following a steep selloff in October. The trade deal between

Crypto Market Sentiment Remains in "Fear" Zone Despite Trump's Trade Deal with China

Even as the newly announced US-China trade deal is expected to bring stability to the global economy, crypto market sentiment has yet to escape "fear" territory.

According to the Crypto Fear & Greed Index, overall market sentiment on November 2 remained at 37 (Fear), only a slight uptick from the previous day's reading of 33. Analysts suggest this could be an early signal that the market is gradually stabilizing following a steep selloff in October.

The new trade deal between President Donald Trump and President Xi Jinping was described by the White House as a "massive win that protects American economic strength and national security." The fact that the world's two largest economies reached a temporary consensus has eased fears of an escalating tariff war — something that had weighed heavily on crypto investor sentiment throughout the past year.

Earlier, on October 11, when Trump threatened to impose 100% tariffs on Chinese goods, the crypto market saw $19 billion liquidated in just 24 hours — one of the sharpest crashes of 2025. Analyst Michael van de Poppe noted that "October 11 will be looked back on as one of the cycle's bottom-forming days."

At the time of writing, Bitcoin (BTC) is trading around $110,000, while Ether (ETH) sits at $3,900, both up slightly over the past 24 hours.

Several prominent traders on X (Twitter), including Ash Crypto and 0xNobler, called the deal "🚀 GIGA BULLISH" — a positive signal that could mark the early stages of a new bull run.

Still, investor sentiment remains cautious, as US-China trade policy and broader macroeconomic conditions could shift unexpectedly at any time.

"We're still in the early stages of a bull cycle for both Bitcoin and altcoins," van de Poppe emphasized.

While the market has yet to react decisively, many experts believe this deal — if it holds — could gradually push crypto investor sentiment from fear toward greed in the weeks ahead.