Ministry of Commerce: Deepen economic and trade cooperation under the Belt and Road Initiative, and fully implement zero-tariff measures for African countries with which China has diplomatic relations
When macro news reaches the crypto market, I usually break it down into two steps:
First: Is the news positive? Sentiment may improve.
Then: Did traditional markets and $BTC react in sync? A synchronized reaction means the macro factors are being priced in; no reaction means crypto-specific dynamics are playing a bigger role.
$BTC is currently at 73772.78, down 1.47% over 24h.