US-China Trade Talks End Amid Cryptocurrency Market Gains – Coincu
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Key Points: US-China trade talks affected cryptocurrency markets with Bitcoin hitting $97,000. Market shift toward risk assets amid trade discussions. Noticed shift in investor behavior towards cryptocurrency as a hedge. The US and China concluded their trade talks on May 11, 2025, held in Geneva, Switzerland. These discussions influence global markets, including notable impacts on the cryptocurrency sector. The resolution of these negotiations signifies potential economic adjustments, affecting cryptocurrency values and investor confidence. As Jamieson Greer, the US Trade Representative, stated, “We are committed to achieving a fair and equitable resolution to the ongoing trade tensions.” This commitment is crucial for investors observing market responses. Institutional Adoption and Regulatory Outlook in Crypto Markets The recent conclusion of the US-China trade talks involved high-level officials from both nations. Scott Bessent and Jamieson Greer led the US delegation, while He Lifeng represented China. The primary aim was to address significant trade barriers and tariffs. With the talks ending, the potential easing of tensions might lead to shifts in trading policies. The market reaction followed a trend toward risk assets, notably with Bitcoin peaking at $97,400 before settling near $96,858. Ethereum also saw a positive trajectory. Peter Chung from Presto Research noted this shift as “risk-on” behavior, with gold prices declining concurrently. This indicates a growing confidence in digital assets over traditional safe havens amidst economic uncertainties. As Peter Chung, Head of Research at Presto Research, points out, “Gold, a risk-off asset, started to tank but risk-on assets like Nasdaq futures and BTC started rallying all around the same time this morning, which coincides with the timing of the announcement.” Government entities and investors adapted their strategies, reflecting changing economic sentiments. Notably, the State of New Hampshire permitted cryptocurrency in its reserve allocations, demonstrating institutional acknowledgment of digital currencies’ viability. Market Overview and…
Filed under: News - @ May 10, 2025 8:26 pm