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Reading: US-China theme has opened risk-on mode in crypto currencies! Bitcoin, Ethereum and Altcoins rose
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EdaFace Newsfeed > Latest News > Crypto News > US-China theme has opened risk-on mode in crypto currencies! Bitcoin, Ethereum and Altcoins rose
Crypto News

US-China theme has opened risk-on mode in crypto currencies! Bitcoin, Ethereum and Altcoins rose

vitalclick
Last updated: May 7, 2025 5:43 am
2 days ago
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Bitcoin (BTC) $94,016.88US-China trade officials announced the first meeting plan in Switzerland at the weekend after the Asian markets forced the threshold of $ 97 thousand. The largest crypto currency rose to 96 thousand 858 dollars with an increase of 2.8 percent in the last 24 hours. Ethereum (ETH) $1,788.52 1.6 percent rise in the thousand 827 dollars is traded. India-Pakistan tension carries volatility to the markets.

US-China negotiations revived marketsAsian markets have fluctuations

US-China negotiations revived markets

US Treasury Minister Scott Bessent and US Trade Representative Jamieson GreerThe meeting in Switzerland has been targeted to re -balance the global trade system in favor of the United States. This statement will be the first direct contact between the parties since 2018. The explanation in question trade warIt brought about the expectation of lowering the tension.

USA and China

Presto Research Research Director Peter ChungHe said that the news strengthens the expectation that the news can alleviate the trade dispute and put the market in risk-on fashion. At the same time gold While safe port assets such as depreciation, Nasdaq Futures and Bitcoin were increased. Hashkey Capital Partner Jupiter Zheng He also said that if the news of economic recovery comes, the stocks and Bitcoin could be more revived.

Asian markets have fluctuations

Asian stock exchanges reacted to the increase in risk appetite with Bitcoin. Hong Kong Hang Seng Index On the main land of China CSI 300 The day was closed with an increase of 0.57 percent. The Chinese Central Bank also withdrew its interest rate from 1.5 to 1.4 and reviewed the means of taking precautions against compelling economic uncertainties.

In Japan Nikkei 225 When falling 0.12 percent, Topix index 0.27 percent rose. South Korean Kospiwas traded with an increase of 0.36 percent. On the other hand, large indices in the United States closed the last trading days with a decline. S&P 500 0.77 percent, Dow Jones Industrial Average 0.95 percent and Nasdaq composite 0.87 percent fell.

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.

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