TRUMP AND XI JINPING — THE NEXT BIG TURNING POINT FOR MARKETS
Bitcoin is back above $85,000. A few days ago, BTC traded around $75,000, and now the market has returned to the levels seen at the beginning of the year. Over the past 24 hours, more than $750 million in crypto positions were liquidated, with about $648 million coming from shorts.
But the most interesting part may still be ahead.
On September 23–25, Donald Trump will host Xi Jinping in the United States. The agenda includes trade, tariffs, and relations between the two largest economies in the world. The current US–China trade truce must last until November.
At the same time, the price of oil is falling: Brent has dropped to about $101 after recently moving above $109. Cheaper oil reduces inflationary pressure and slightly eases the situation for risk markets.
And you get an unusual picture:
Trump → talks with China
Middle East → oil is falling
Fed → rates stay high
Bitcoin → back to $85,000+
Now, the crypto market is reacting not just to news from crypto itself. Decisions from Washington, Beijing, the Fed, and the oil situation are becoming part of one big equation.
The next few days may be especially important for BTC.
$BTC $ETH $ZEC
Bitcoin is back above $85,000. A few days ago, BTC traded around $75,000, and now the market has returned to the levels seen at the beginning of the year. Over the past 24 hours, more than $750 million in crypto positions were liquidated, with about $648 million coming from shorts.
But the most interesting part may still be ahead.
On September 23–25, Donald Trump will host Xi Jinping in the United States. The agenda includes trade, tariffs, and relations between the two largest economies in the world. The current US–China trade truce must last until November.
At the same time, the price of oil is falling: Brent has dropped to about $101 after recently moving above $109. Cheaper oil reduces inflationary pressure and slightly eases the situation for risk markets.
And you get an unusual picture:
Trump → talks with China
Middle East → oil is falling
Fed → rates stay high
Bitcoin → back to $85,000+
Now, the crypto market is reacting not just to news from crypto itself. Decisions from Washington, Beijing, the Fed, and the oil situation are becoming part of one big equation.
The next few days may be especially important for BTC.
$BTC $ETH $ZEC