A surprising U.S.-China trade truce has ignited a wave of optimism across global financial markets, driving both crypto and stock markets sharply higher. Veteran crypto analyst and Maelstrom CIO, Arthur Hayes, enthusiastically declared, “BUY EVERYTHING CHI-MERICA LIVES!!!!” in response to the bullish momentum sparked by the agreement.

The newly announced U.S.-China tariff truce includes a 90-day suspension of trade tariffs, aimed at cooling tensions and creating a window for further negotiations. Effective May 14, the U.S. will reduce tariffs on Chinese imports from a steep 145% to 30%, while China will slash tariffs on U.S. imports from 125% to 10%. This strategic tariff reduction is already lifting investor sentiment worldwide.

Following the news, Bitcoin surged past the $105,000 mark, while Ethereum (ETH) remained steady above $2,500. The GMCI 30 Index, which monitors large-cap crypto assets, jumped over 4%, rising 7 points amid the market optimism.

Traditional markets also responded positively. U.S. stock futures climbed, and tech-heavy indices showed strong gains. The Nasdaq Composite rose by 3.39%, while the S&P 500 gained 2.69%, according to MarketWatch — highlighting broad enthusiasm in equity markets as trade tensions ease.

This bullish backdrop appears to be fueling Hayes’ “buy everything” strategy, suggesting investor confidence in reduced geopolitical friction, stronger institutional adoption of digital assets, and improving macroeconomic indicators.

Despite the initial price spike, Bitcoin slightly corrected to $103,143.95 at the time of writing, down 0.84% in the past hour, based on data from Kraken.

While the 90-day U.S.-China tariff truce brings temporary relief, market watchers remain cautiously optimistic about what comes next. Still, the current rally marks a pivotal moment for both cryptocurrency markets and global equities.