Macroeconomic winds have reversed: The easing of the China-U.S. trade conflict has led to a collective surge in U.S. stock futures, and the crypto market is experiencing strong rebound momentum.

After experiencing a global market big dump triggered by the escalation of Sino-U.S. trade tensions on October 10, U.S. stock index futures rebounded strongly on Monday (October 13) morning, partially bouncing back. U.S. President Trump's "soothing" remarks and the Chinese Ministry of Commerce's clarification on the rare earth export control plan contributed to the easing of market sentiment. As a result, the crypto market collectively recovered, with a total market capitalization experiencing a big pump of $219 billion within 24 hours, Bitcoin recovering to $115,000, while the altcoin Bittensor (TAO) surged nearly 40% due to Grayscale's trust filing news.

Trade Conflict Eases: Global Market Risk Appetite Warms Up

Last Friday, Trump announced the threat of imposing a 100% tariff on Chinese imports, triggering panic in the market. However, over the weekend, both sides' statements tended to ease, creating conditions for a market rebound at the beginning of this week.

· Trump calms the market: Trump publicly stated, "Don't worry about China, everything will be fine!... The US wants to help China, not hurt it!" This statement effectively eased fears of a full-blown trade war, especially ahead of the highly anticipated APEC summit, where the market hopes that the meeting between the two heads of state could lead to a trade agreement.

· China clarifies rare earth exports: The Ministry of Commerce of China clarifies that the rare earth export restrictions "are not a ban" and will approve compliant civilian export applications, and may provide license exemptions. However, at the same time, Beijing also warned that if the United States insists on imposing a 100% tariff, China is prepared to "accompany to the end," demonstrating its tough negotiating stance.

As a result, global commodities also bounced back significantly. West Texas Intermediate (WTI) crude oil surged 3.19% to 59.44 USD in the early session, partially offsetting last Friday's drop of 5.32%.

US stock futures collectively rise: break through key technical levels

The easing of tensions in Sino-U.S. trade directly stimulated the demand for risk assets, causing U.S. stock index futures to rise collectively, partly recovering the losses from Friday.

· Significant rise: Dow Jones E-mini futures rose by 411 points, Nasdaq 100 E-mini futures rose by 423 points, and S&P 500 E-mini futures rose by 84 points.

· Technical consolidation: Following a strong rebound in the morning, U.S. stock index futures are trading above the 50-day and 200-day exponential moving averages (EMA), reinforcing the overall bullish momentum.

· Focus shifts to the Federal Reserve and government shutdown: Although trade concerns have eased, the subsequent trend in the market will still be influenced by the speeches of Federal Reserve officials and the U.S. government shutdown. Strong expectations for interest rate cuts in October and December will further boost risk assets; meanwhile, concerns over stagflation risks and signals of delayed interest rate cuts may once again dampen market sentiment.

Crypto market bounce back: total market capitalization soars by 21.9 billion USD

In sync with the traditional financial market, the crypto market has also welcomed a comprehensive rebound, with the total market capitalization surging by $219 billion within 24 hours, rising to $3.87 trillion.

· Large-scale issuance of stablecoins: It is noteworthy that during the period from October 10 to 11, after the market crash, Tether issued nearly $1.5 billion worth of USDT, resulting in a total issuance increase of over $1.75 billion for USDT and USDC. This large-scale minting of stablecoins is often seen as a strong signal that new funds are preparing to enter the crypto market.

· Bitcoin holds steady at $115,000: The price of Bitcoin quickly rebounded after hitting a low of $102,000, and has now reestablished $115,000 as a key support level. A successful breakthrough of the resistance level at $117,261 may open the way for Bitcoin to reach the psychological barrier of $120,000.

· TAO soared by 40%: Bittensor (TAO) became the best performing altcoin of the day, rising nearly 40% within 24 hours, reaching a near three-month high, primarily due to Grayscale submitting the Form 10 document for the Bittensor Trust (TAO), which shortened the private placement holding period and enhanced transparency and market appeal.

Conclusion

Trump's government's moderate stance has brought about a key "risk reset" for the global financial market. The surge in U.S. stock futures and the rebound in oil prices, along with the significant recovery of the total market capitalization in the crypto market, collectively outline a rapid restoration of market sentiment. For investors, although macro risks in the short term have eased, the Federal Reserve's monetary policy path and the U.S. government's 13-day shutdown remain two core uncertainty factors affecting the future market direction. Amid the turmoil, institutions' active moves towards projects like TAO and the large minting of stablecoins indicate that the intrinsic demand in the crypto market remains strong, and it is expected to continue pushing towards new highs after macro stability is achieved.

This article is for news information only and does not constitute any investment advice. The crypto market is highly volatile, and investors should make decisions with caution.