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.

[Marvelockg]

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

One thing seems to be certain and that is the fact that either through this means or through any other means bitcoin was certainly going to recover from the current DIP either at the moment or the nearest days to come. China and the united state has shown their selves strong such that whatever decision they make or tend to make always has a direct effect on the world economy. bitcoin might be independent and decentralized but that does not still mean that it is not to an extent subject to a factor as this. as long as whatever is happening is tending towards leading to more bull in bitcoin, it is a good development that is worth being applauded. i am not of the school of thought that bitcoin movement be always associated to some whales or the likes of trump but i am not ignorant of the fact that he has the ability of making statement that can influence bitcoin price at least temporarily.

[Cryptohygenic]

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...

There can't be disagreement to what you have said. The recession in the economy sectors is not something even endless phone calls can reset. For a change of economy to occur, the governments and alliance have to put their efforts into work so as to actualize the goals as craved for.
The economy crisis is not something that would earn such a quick resolution after just by when the global economy influencers like the China and the US governments may come to alignment to fix the mess up but would take a long time because, all due protocols must be followed because, the system is messed over inadequate propagations.

We are talking about global economy here and not crypto so, the move about the China and US president is not juncture to reset the bitcoin market but while the economy system maybe balanced, it would eventually have event on the Crypto market. So we don't even have to be carried away that all being done is aimed specifically to rescue the crypto market just as Op may think.

[landheer]

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

At the very least, we can monitor the movements of these two countries to read the market. This makes analyzing the market easier if we never fall behind in reading the news about the development of relations between these two countries and whatever actions they take in the global economy.
We must be able to take advantage of any situation if we want to survive and profit in all market conditions. However, I personally have concerns about the recent increase. Although the current increase is not only based on fundamentals but also technically indicates that there will be an increase, it seems that a deeper correction could occur afterward. This is because I still see that fear in the market is quite strong.

[Emjay24]

Constructively I can agree that the outcome of the phone call of the two driving forces of global economy had an impact since the Chinese side agreed to lengthen collaborations and shorten troubles between the two, yet there are still other factors that might be in consideration as to the rise in the markets including expectations that there would be a FED rate cut this December which has slim chances of coming by. I think other expectations fueled by the outcome of the call concurrently gave investors hope and pushed them to action joined with beliefs that the trade war between America and China might ease to some extent had a very positive impact on the global markets.

[Synchronice]

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

How trustworthy is this source? I checked a few popular trustworthy websites and didn't find such a news. It feels like this news is published by this website to gain some attention from Trump's name because in reality, there is no connection between his call and the price action of Bitcoin. Just look at charts, Bitcoin has been going down for weeks and it reached 80K USD levels. When it every day goes down from 107K to 80K, isn't it normal that one day the price goes from 80K to 88K for a few days in a row?

Trump is narcissist. Even though I'm not a huge fan of him and I don't like how he creates an illusion that the world rotates around him, it's a pity that he was a better candidate than Kamala Harris.

[Lida93]

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!

On this I think I do agree with you, the economic crash which has really being as a result of some of Trump's policies actions were done through some phone calls, hence a mere phone call from the Whitehouse to China wouldn't do the ongoing global economic recession any tremendous changes. Maybe with a genuine actions for mutual benefits with the rest of the world and not a self centred one, would be such an effective way to gradually mitigate the inflation eventually, but I do doubt the Trump regime would want to think to that pathway.

[coolcoinz]

So bitcoin crashed from 120k because of stupid tweets, now they had a normal conversation, the market went up a bit and everybody is happy. They can throw a garbage bin at you and then pay for laundry and you'll be happy like nothing ever happened.

The truth is, someone should ban politicians from social media or it will keep happening.

[boyptc]

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.

No matter what economic situation that both of these super countries are experiencing, in the end we're all convinced that Bitcoin will continue to surge.

It may not be now as it's experiencing a correction. But after this and the next cycle, we'd see it go up again.

It has survived a lot of economic instability and yet, here it is and still going strong and corrections are normal.

[Bluedrem]

It is natural that when two of the world's economic superpowers are talking about a trade deal and both countries hold cryptocurrencies, their prices will increase. We saw a few weeks ago how the cryptocurrency market collapsed when Trump imposed additional tariffs on China. The market experienced the highest liquidation ever. Again, when a trade deal is being talked about between Trump and Xi Jinping, it is natural that the price of Bitcoin and other tokens will increase. We are waiting for the day when trade deals will actually become a reality and Bitcoin and other tokens will increase in value.

[Ndabagi01]

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.

The world needs each other in order to progress. But when one part of the world becomes greedy, then achieving that purpose will become very impossible to happen. We need to be united if we want the world to be progressive and live with each other in peace. There is really a big reason why God didn’t just give to one country everything they need and they need to depend on another to survive. With how humans are very greedy and showing stinginess, it becomes very hard for them to want to help one another without getting something in return. Everyone is greedy and selfish and wants to uplift themselves. I hope reality will tell soon how important we are to each other and the fight for economic country’s strength won’t make us forget how humanity should prevail over.

[Coyster]

The truth is, someone should ban politicians from social media or it will keep happening.

Lol, is the problem actually the politicians, or the people who react and make a decision simply because of social media posts they make. Like it or hate it, politics and economic affairs would definitely influence the investment market, but the level of the impact is what is worrisome. The market should not crash by a large percent, simply because of a mere tweet or threat; it basically shows how much trust certain investors have in the assets that they are hodling.

That said, there are also many times that a rise or fall in price is unrelated to what politicians are doing or saying. But the media and the community have to put a "tag" on it, and so they do.

[mrust_mobile]

The phone call was the excuse imo. Markets were already exhausted and waiting for a good sign, any sign to make a big ally and that sign just happened to be Trump’s phone call. Not saying Trump don’t have the power to move the markets, he does. He can play with the markets like a cat plays with her toy; and he did, many times. But a phone call to China did all those? C’mon man. Don’t they make phone calls to each other almost every week or something. Were USA and China at war? No. The tension is a bit high since China is ripping off the rest of the world with their cheap shit but that’s it. We won’t be seeing two superpowers going head to head with each other.

[Fortify]

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

It's good that the markets are rising again, because they took quite a dip lately after AI jitters, but we should be careful reading too much into a short term bump. It would be nice if the China trade war calmed down and things returned to how they were a few years ago, but you never know what this president will wake up to say tomorrow. We might still be in bubble territory when it comes to AI, but hopefully it can deflate slowly instead of causing a big bang. What we often see in these scenarios is some kind words which aren't necessarily followed up with actions, it's hard to keep track of the amount of times that Trump has decided to spring new tariffs out of the blue against every country.