US President Donald TrumpWhile the inconsistent moves continue, the negative pressure on crypto currencies remains strong. Investors have not been able to reach sufficient risk appetite in subcoins for a long time. The latest explanations raise the appropriate conditions for crypto currencies to decrease more in the coming hours.
USA, China and Crypto
The moves that increase the tension between China and the United States feed the negativity in crypto currencies. In the past weeks, Chinese officials mentioned that the US’s unilateral negative approach caused the questioning of sincerity of reconciliation. Resources close to Trump now ChineseHe says that the sale of chip will be prevented.
The US administration wants to prevent China from producing advanced chips. For this reason, US companies that offer software used in the design of semiconductors were instructed to stop sales to China. Besides the issue, the Ministry of Commerce says that this request has been transmitted to the electronic design automation groups, including Cadence, Synopsys and Siemens Eda.
BTC price He approached the bottom of the daily as he fell to the $ 107,300 band. Fed minutes were not supportive for crypto currencies.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
