U.S.-China tension's cool and will Bitcoin pump on hotter than expected inflation data?

This is your first look at the crypto markets on CoinDesk Daily.

I'm your host, Jen Sanasi.

Asian and European equities rose modestly this morning as investors reacted to a China-U-S agreement to lower tensions,

hoping that the two economic superpowers will eventually reach a broader tariff deal.

Bitcoin briefly jumped past $110,000, but has now dropped back to remain little changed,

while the Coin Desk 20 index rose 2%, suggesting a rotation to altcoins.

US stock futures, however, were pointing down with Deutsche Bank strategist Jim Reid, saying there's

been several twists and turns already, and markets are getting fairly used to this uncertainty by

now.

The U.S.-China agreement remains tentative and still needs a sign-off from both President Trump

and Chinese leader Xi Jinping.

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At the same time, investors are preparing for fresh inflation data today.

The U.S. Consumer Price Index is expected to show a 0.3% increase in core

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