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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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....
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....
According to the latest report from Coinshares, global crypto investment products saw a significant rebound with $436 million in net inflows last week alone, driven largely by Bitcoin’s resurgence. CoinShares noted that this marks a return to positive flows after two consecutive weeks of net outflows. Behind these positive flows are major asset managers such […]
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....
China has the world’s largest market for digital shopping, mobile payments and Internet-enabled financial services. Close to 400 mln people in China conduct most of their payments using their smartphones. China’s overall business in information technology is a market of well above $300 bln, and it is estimated that more than 700 mln Chinese have access to the Internet. So any law impacting the online space - cybersecurity included - will make ripples in the way China does business. That’s why its new cybersecurity law - due to take effect in June of next year - is particularly alarming. It....