U.S. Treasury Secretary Janet Yellen made several important remarks regarding international trade and the state of the cryptocurrency market. Her comments address tariffs on goods and current market volatility.
Yellen's Commentary on Trade Tariffs
Janet Yellen stated that there is currently no contact with China regarding tariffs, adding that many trading partners have extended advantageous offers. This statement was made in the context of changes in international trade.
Crypto Market Reaction to Volatility
The cryptocurrency market experienced a surge in volatility, leading to $140 million in liquidations within just 12 hours. Of this amount, $109 million were long position liquidations, and $31.06 million were shorts. Such sharp changes often occur against the backdrop of comments from prominent economic figures.
Cryptocurrency Data and Overall Analysis
Current data shows Bitcoin (BTC) trading at $94,910.56, with a market capitalization of $1.88 trillion and a 24-hour trading volume of $23.40 billion. Despite a recent 0.57% drop over the past week, BTC has increased by 20.26% over the last 30 days.
Janet Yellen's comments highlight the importance of trade relations and their impact on financial markets. The state of cryptocurrency markets is traditionally sensitive to international news, as evidenced by recent liquidation trends.
