cryptocurrencies As we prepare for the new weekend, Bitcoin has largely given back yesterday’s gains. BTC, which found buyers at $ 80,600, has still not been able to price the inflation, which maintains its upward momentum. Even though Trump made important statements today, the Iran knot is still not solved and the positive atmosphere in crypto is largely fed by the CLARITY law.
Markets latest situation and Trump
The selling wave in bond markets paused the gains in stocks. Artificial intelligence Supported S&P 500 rally reverses. Nasdaq 100 futures fell 1.4%, while S&P 500 futures fell 0.9%. These declines are the result of a steady rise in bond yields and a lack of progress in efforts to reopen the Strait of Hormuz.
Oil supplies in the Middle East are not expected to return to normal anytime soon, causing a new wave of selling in government bonds in the US, Europe and Asia. It will probably cause further dark clouds over concerns about inflation and growth in the coming period. Strong wholesale inflation data from Japan shows that price pressures are increasing in the global economy.
South Korea’s Kospi index fell 6.1% as investors took profits in Samsung Electronics and SK Hynix. Nvidiafell 2.3% in premarket trading after a seven-session winning streak. So markets are now starting to see the risk.
Japan’s 30-year bond yield reached 4% for the first time since 1999. The last thing the markets need right now is for Carry Trade debates to stifle risk appetite again.
Trump’s statements
Yesterday Trump said China Strait of Hormuz After saying that it could help with the issue, Bitcoin experienced a rapid rise as CLARITY was passed by the committee. However, due to the reasons we mentioned in the first section, this short-term delayed movement was reversed. For now, we will watch whether $80,400 is protected. If sales accelerate, it can return to the range of 78 and 75 thousand dollars.
The highlights of Trump’s statements are as follows:
“(About Iran) We have solved many problems that others have not been able to solve. We have similar views on the outcome; we oppose their nuclear armament and want the straits to remain open.
Chinese We have reached many agreements with. Bilateral relations will definitely get better. Nothing has changed regarding Taiwan, we are not seeking conflict. I have made no commitments regarding Taiwan. We did not discuss customs duties with China. We talked about the possibility of collaborating on artificial intelligence. We made a soybean agreement with China. The last thing we need right now is a war.
of Iran I am okay with him suspending his nuclear program for 20 years, but this needs to be a ‘real’ commitment. We achieved a complete military victory against Iran. Iran’s bridges and power plants could be targeted. I will make a decision in the next few days on lifting sanctions on Chinese oil companies that buy Iranian oil. “If we cannot stop Iran’s nuclear program, we will intervene.”
