Recent discussions between the US and China regarding tariffs and bilateral relations have generated considerable interest among cryptocurrency investors. These developments could impact the future of the crypto market.
US-China Agreement
Although no signatures have been made yet, President Trump indicated a promising agreement. The London process serves as an opportunity for normalization with China. Informed sources suggest that China might take expected steps concerning rare earth elements, but export licenses will be subject to a six-month restriction. This indicates that uncertainties for American industry giants have not been completely resolved.
Impact on Cryptocurrency Market
The US has expressed optimism about the deal with China. China is expected to soften its tone, emphasizing the importance of mutual cooperation. The absence of escalating tensions and potential consensus is already evident in cryptocurrency charts. With signatures and licenses expected within a week, reduced uncertainties could lead to increased prices.
Forecasts and Trends
Bitcoin (BTC) is currently hovering around the $110,000 mark, aiming for its all-time high of $112,000. It is expected that agreements nearing conclusion with trading partners like India and Japan will lead to more signatures in the next 15 days, potentially providing relief in the cryptocurrency market.
In conclusion, the US-China agreement could have a positive impact on the cryptocurrency market by reducing current risks and uncertainties. The future of cryptocurrencies will become more predictable if the agreements are successfully realized.
