The recent US-China trade deal has sparked cautious optimism in the cryptocurrency market, as reflected by the Crypto Fear & Greed Index rising to 37 from 33. This development is seen as a potential turning point following a recent market downturn, with analysts suggesting it could bolster Bitcoin and altcoins during the current bull cycle. The agreement includes a suspension of increased tariffs on Chinese imports until November 10, 2026, which has helped ease market tensions.