Crypto Market Rebounds 5% as U.S.–China Trade Tensions Ease and $550B Flows B...
Crypto snapped back on Monday as a diplomatic cool-down between Washington and Beijing helped erase part of Friday’s historic wipeout. Total crypto market cap jumped roughly 5%, with over $550 billion flowing back into digital assets after a panic sparked by talk of 100% U.S. tariffs on Chinese goods. Related Reading: Friday’s Crypto Crash: The […]
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The United States and China wrapped up talks in Kuala Lumpur that market players called a welcome step toward cooling trade war tensions. According to Reuters, senior negotiators met on the sidelines of the ASEAN summit as they try to head off a deeper fight over export controls and tariffs. Related Reading: Big Crypto, Tech […]
Bitcoin is currently trading above $97K amid positive sentiments regarding a possible US-China trade deal. As per a statement by the Chinese state media, the US has reached out to China through ‘multiple channels’ to discuss the tariff situation and strike a deal. Data from Polymarket shows that 24% of people believe this trade deal can be announced before the end of June. However, Trump’s hawkish approach towards China may stand in the way of an agreement. Read on to learn how these global economic conditions can impact your crypto portfolio. We’ll also suggest the best crypto to buy now....
What to Know: Easing US-China trade tensions, coupled with potential institutional inflows, signal a positive November outlook for Bitcoin. As the macroeconomic tailwinds ignite investor optimism, Bitcoin Hyper – a Layer 2 solution emerges as the one of the next 100x cryptos as it aims to bring speed, scalability, and innovation to Bitcoin’s Layer 1. The project has already raised $25.6M in its presale, signaling the growing investor conviction in its long-term potential. Early buyers expect a 553% upside if price predictions hold true. Despite Bitcoin’s Uptober buzz that made rounds....
Hayes says the next crypto bull run will be tied to when China embraces the crypto market again, and Hong Kong could be the gateway for this to happen. Arthur Hayes, the former CEO of crypto derivatives giant BitMEX, believes the next crypto bull run will start when China moves back into the market, and Hong Kong has a vital part to play in this process. In his Oct. 26 blog post titled "Comeback", Hayes outlined why he thinks the Hong Kong government's announcement about introducing a bill to regulate crypto is a sign China is trying to ease its way back into the market. This could be....
Data shows that crypto holders are increasingly shifting to DeFi protocols and DEXs as China continues its cryptocurrency crackdown and fears of heavy-handed regulation scare US-based traders. Last week China’s heavy-handed crackdown on crypto trading crypto briefly sent shockwaves across the market as Bitcoin and altcoin prices saw a sharp drop following the announcement, but as is the case with all things crypto-related, the market bounced back as resilient traders found other ways to participate in the market. Part of China's goal in limiting citizens ability to trade cryptocurrency....