On Wednesday, leading cryptocurrencies Bitcoin and Ethereum experienced notable gains. This rise comes in light of reports indicating that President Donald Trump is contemplating the reduction of tariffs on China. This potential shift has sparked renewed investor optimism within the cryptocurrency market. Analysts suggest that while the bearish movements of Dogecoin continue, Bitcoin’s current setup displays bullish characteristics. Investors remain cautious, though, likening investing in cryptocurrencies to walking on thin ice, given the volatile nature of the market. As the situation develops, traders should keep a close eye on emerging opportunities and risks.