Rumors of tariff easing between the United States and China are pushing the crypto market towards 3 trillion Dollar.
Both Bitcoin and stock markets rose today after it was claimed that Treasury Secretary Scott Pisent suggested that tariffs with China will be eased. This is the second time this month that tariff rumors have led to a market increase. However, the noise in the TradFi market began to fade without the White House ensuring a halt, while Bitcoin remained steady. This may prove to be a useful data point indicating that Bitcoin is decoupling from the stock market after the previous correlation. Trump's tariffs have caused a lot of economic chaos, and uncertainty is negatively affecting the markets. Two weeks ago, false rumors about the tariffs being halted led to a rise in the markets, followed by a real announcement about the halt. Today, a report from Bloomberg claims that Scott Bessent believes the United States will ease the proposed tariffs on China.
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Rumors of tariff easing between the United States and China are pushing the crypto market towards 3 trillion Dollar.
Both Bitcoin and stock markets rose today after it was claimed that Treasury Secretary Scott Pisent suggested that tariffs with China will be eased. This is the second time this month that tariff rumors have led to a market increase.
However, the noise in the TradFi market began to fade without the White House ensuring a halt, while Bitcoin remained steady. This may prove to be a useful data point indicating that Bitcoin is decoupling from the stock market after the previous correlation.
Trump's tariffs have caused a lot of economic chaos, and uncertainty is negatively affecting the markets. Two weeks ago, false rumors about the tariffs being halted led to a rise in the markets, followed by a real announcement about the halt.
Today, a report from Bloomberg claims that Scott Bessent believes the United States will ease the proposed tariffs on China.