one phone call

[sleepfirefly]

not only bitcoin but the broader market has risen after news of trump’s phone call to china’s president xi comes out

trump has mentioned positive developments with the us’ relationship with china seemingly increasing the risk appetite of many investors SPX rose 1.5% and Nasdaq nearly 2% as crypto markets gained 2.2% on the day

source: https://cryptobriefing.com/bitcoin-breaks-88000-milestone/

these two countries are the drivers of current economy and global trade is dominated and decided by their actions one of them will just sneeze and the rest of the world will be affected but as someone who’s not from either country nor a leader of a nation, there is nothing i can do but watch the leaders of the world play all of us

[Nathrixxx]

We can't deny it that China and US are strong when it comes to the economy aspect, also the two countries are competing on each other in terms of strength and productivity, we have them disagreeing before and still collaborate after the whole show, telling that everyone is independent of each other at the same way, because they are all into productions and know what they generate from their individual economic activities and developments.

[pooya87]

No rise or drop can continue in a straight line forever, there is always reversal. For example bitcoin price goes from $100k to $80k then it has to stop dropping and recover. Or when it goes from $100k to $120k it has to stop and correct.

These types of small market movements aren't really related to some arbitrary news even though they are using it for that matter. You see the US economy is crashing but they are trying to prevent or at least slow it down. So when they make some dumb decisions that crashes it further, they need to do some "damage control" so they release this type of fake news about a "very good phone call".

The reality is that the US regime decided to go on an economic war with the rest of the world and that has  created a lot of disruptions leading to more inflation and worse recession. That is not something that can be fixed by a phone call specially since they are still waging that war!

So while there is this war going on and prices keep going up while recession continues getting worse, you should continue expecting all markets to suffer the consequences of it. And this war is going to continue for a couple of more years...

[PrivacyG]

And I still believe the 'crashes' today after a President posts a Tweet are nothing compared to the crashes Bitcoin had many years ago when negative news came out such as an Exchange hack.  Which says a LOT about how Bitcoin is evolving and what matters today versus back then.

Not that Exchanges such as Binance getting hacked badly would not cause another large disruption on the Markets.  But I believe it would never be as bad as it used to be again.

[Oshosondy]

What is important is that after everything, bitcoin will still move just in the up direction after a long period of time, no matter what is happening between United States and China or any other countries in the world.

Not that Exchanges such as Binance getting hacked badly would not cause another large disruption on the Markets.  But I believe it would never be as bad as it used to be again.

See what hapened when Bybit was hacked, bitcoin did not fall at all. Binance has higher market share because it has more users and people use it more, but the exchanges are getting wiser. I do not think anything can happen that can make hackers be able to hack Binance to the point that the exchange will collapse. Yes we are not in the past anymore.

[Gost ms]

China and the United States are two very powerful countries. It is almost always seen that there is a problem between these two countries on one issue or the other. China and the United States are two countries that are very ahead in terms of production and both countries are very ahead in terms of military. Whenever any kind of problem arises between these two countries, many people get scared and due to this, there is a lot of ups and downs in the market, and this happens for many reasons.

For a wrong news from the President or if he is joking for some time, if he says something about Bitcoin or any other coin, then there can be a big fall in the market. These things are very natural. What we should do is to build trust in Bitcoin and continue to invest continuously.

[Zlantann]

China and the United States are two very powerful countries. It is almost always seen that there is a problem between these two countries on one issue or the other. China and the United States are two countries that are very ahead in terms of production and both countries are very ahead in terms of military. Whenever any kind of problem arises between these two countries, many people get scared and due to this, there is a lot of ups and downs in the market, and this happens for many reasons.

For a wrong news from the President or if he is joking for some time, if he says something about Bitcoin or any other coin, then there can be a big fall in the market. These things are very natural. What we should do is to build trust in Bitcoin and continue to invest continuously.

Bitcoin price can be influenced by several economic and political news events. China and the US are the biggest economies in the world. Tariff wars between these two nations would harm the global economy. It was not the crypto market that recovered but others also experienced a lift.

There are also some speculations that Trump’s inner circle is taking advantage of insider information to benefit from the tariff war. These comments about making progress in a deal with China might be targeted at manipulating the crypto market to enable his family members and friends to earn more money from investments.