Sentiment:

At the time of writing, Bitcoin is at $78.6K and Ethereum is at $1.54K. After the cryptocurrency plunged over the weekend, there are some positive signs that other countries have come to potential terms that could cushion the tariff-induced decline.

Taiwan has become the latest country to agree to waive US tariffs, joining a handful of other Asian countries. The European Union has also signaled its intention to set reciprocal tariffs at 0%.

If the tariff landscape suddenly changes, leading to tariffs between countries being reduced or eliminated, expect an immediate explosion of bullish sentiment in the crypto market, as well as stock market prices.