The fluctuating trend in cryptocurrencies continues and BTC started to decline simultaneously with Putin’s statements. Important US data also arrived a few minutes ago. The relationship between Trump and Putin is quite different, and Putin’s statements today are such that they may force Trump to retreat. BTC may be momentarily pricing in potential tension out of fear.
Putin and the Cryptocurrency Decline
Trump said that if India does not want to pay more taxes, it should stop buying oil from Russia. He then thanked India for listening to him. If today Putin He officially withdraws and says that the commercial relationship between the two countries continues to be strong, almost entirely in local currencies.
“Energy cooperation with India is not affected by current circumstances, temporary political fluctuations or tragic events in Ukraine.
Some actors are unhappy with India’s increasing role in international markets due to its ties with Russia.
More than 90% of transactions between India and Russia are carried out in national currencies.
There is a certain decrease in total trade volume in the first 9 months of the year. Oil Trade in crude oil and petroleum products continues smoothly in India for oil consumers and Russian oil.
If the US has the right to buy our fuel, why shouldn’t India have the same privilege? Neither I nor Modi, despite being subject to external pressure, have cooperated to work against anyone. (This is what Putin told India Today on how Trump might react)
President Trump has his own agenda and goals, and we focus on our own agenda and goals. Our agenda is not against anyone, but rather to protect our own interests. “Trump’s advisors think that the tariff policy will benefit the US economy. I think Trump is acting in good faith.”
The debate that will flare up with possible statements that Trump will make in the coming hours crypto coins can pull it down. Maybe Trump will impose heavy taxes on India on this occasion?
Meanwhile US factory orders data arrived. New orders for manufacturing products increased for the second month in a row in September. This increase follows the 1.3 percent increase recorded in August. Shipments, which decreased for two consecutive months, remained almost unchanged this month at $0.2 billion.
