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Since the United States and China are approaching a possible trade agreement, Bitcoin’s
Btc
102.126,13 USD
Price reaction can offer traces on how digital assets are used during global economic tension.
Some traders believe that if Bitcoin is continues to work well After confirmation of the contract, this may indicate that Global trade concerns have not stimulated a recent rise in prices.
When President Donald Trump introduced new tariffs to Chinese goods in April, S&P 500 and Nasdaq refused. Bitcoin, on the other hand, fell to about $ 75,000, but later recovered and closed close to $ 95,000 in April.
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What is the eternal contract in cryptocurrencies? (Definition + Example)
CRYPTO TRADER @DAANCRYPTO NOTE UA 11. May Post on x“Theoretically speaking, if trade uncertainty was what BTC surpassed, it should stop surpassing it after we achieve the most important job, which includes China.”
May 11, White house reported “Significant progress” in current conversations with Chinaalthough the final agreement has not yet been announced. Scott Besent’s Treasury Secretary said that more details would soon be followed and described the discussions as “productive”.
If Bitcoin continues to grow even after the end of the agreement, @daancrypto that suggests that It would be fair to assume that the tariffs did not play a major role in driving prices.
Recently, Michael Ellis, Deputy Director of the Central Intelligence Agency (CIA), shared his thoughts on Bitcoin and other crypto currencies. What did he say? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
Considering the decade of experience in Fintech industry, Aaron understands all the biggest questions and struggles that cryptocurrency lovers face. He is an avid analyst who deals with the content based on data and facts, as well as the one who speaks to the web3 natives and the newcomer in the industry.
Aaron is a person for everyone and for all related to digital currencies. With a huge passion for Blockchain & Web3 education, Aaron tries to transform the space the way we know it and make it more affordable to complete beginners.
Aaron quoted more established outlets and was the author himself. Even during her free time, she enjoys exploring market trends and looking for the next Supernova.
