Beisent said that the China-U.S. tariff negotiations have made "great progress," analysts: boosting confidence in the risks of Crypto Assets and U.S. stocks.

U.S. Treasury Secretary Scott Bescent said significant progress had been made after high-level U.S.-China trade talks in Geneva, which analysts said would help market liquidity flow to risky assets. (Synopsis: Trump is real!) Signing an executive order to "shut down the Ministry of Education" has cut most of its employees, and the Democratic Party threatened to boycott the complaint) (Background supplement: Trump will sign an executive order to end the "debanking" policy of cryptocurrencies, does Taiwan have a chance to follow? Global financial markets have seen a warm current this week, with the bombshell news of "substantial progress" in trade talks concluded between the United States and China in Geneva, igniting investor optimism, and the price of mainstream cryptocurrencies such as bitcoin and Ethereum rose sharply, indicating a significant recovery in risk appetite. The two sides determine that the negotiations have made progress The U.S. delegation led by U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer said at a press conference after the meeting that trade talks with China have made "substantial progress." Compared with the recent air talk between China and the United States, the message is clearer and more positive, which relieves some uncertainties for the market. Later, they told the media after the meeting that more specific details would be announced the next day (Monday) Geneva time: The negotiations with China have made significant progress, and the differences may not be as big as imagined. Chinese officials echoed that positive tone in a separate briefing, describing the talks as progress toward "steady and sustainable development of U.S.-China relations." According to official messages released by Politico and The White House, the two sides have agreed to establish a new platform for ongoing negotiations on tariffs and a "trade advisory mechanism." This mechanism aims to find effective ways to resolve trade differences between the two sides through peer-to-peer dialogue. However, despite the significant warming of the negotiation atmosphere, so far the two sides have not agreed on any specific measures or timelines for immediate reduction of existing tariffs and announced them. The market rose in line with expectations, and there was no pullback for the time being After the Geneva meeting, there was no obvious profit-taking in the market, indicating that the asset market is returning to confidence. Three days ago (8), within hours of the news that a US-China meeting would be held in Geneva, the price of Bitcoin soared like a wild horse, soaring more than 8% at one point, strongly breaking through the $100,000 integer mark, hitting a new high in recent weeks. Ethereum is not far behind, the increase is even more amazing, rising more than 40% in three days, the price returned to the $2,500 mark, and other mainstream non-mainstream coins (altcoins) have also followed, and the total market capitalization of the entire cryptocurrency market has surged by tens of billions of dollars in a short period of time. In contrast, traditional safe-haven assets such as gold fell today, with prices falling as much as 2.5% at one point, indicating a trend of funds shifting from safe-haven assets to riskier assets. In traditional stock markets, Asian stocks also generally rose, with Chinese stocks rising, with Japan's Nikkei (Topix) rising for the 12th consecutive trading day, the longest consecutive gain since October 2017. Hong Kong's Hang Seng Index also closed higher for the eighth consecutive session, its best performance in a year. U.S. stock index futures were also strong, with S&P 500 futures up 1.4% and Nasdaq 100 futures jumping 2%. International oil prices also rose, with Brent crude hitting about $64 per barrel, reflecting market expectations for improved global economic growth prospects (the above market data is from the Economic Times). Analyst views A number of market analysts have also expressed their views on the progress of the US-China trade negotiations and their impact on the market. Homin Lee, Senior Macro Strategist at Lombard Odier Singapore Ltd., commented: "While investors are still waiting for details of the US-China deal, the overall positive tone of the talks should boost their confidence in China and Asia-Pacific equities." The remarks also indirectly point to the importance of macroeconomic stability for overall investment confidence, and the cryptocurrency market, as an area highly sensitive to market sentiment, also benefits from such positive signals. Nonetheless, Sean Darby, managing director of Mizuho Securities Asia, cautioned investors to remain cautious, saying: "Actually, I think a lot of these trade deals will take longer to finalize." Valentin Marinov, Head of FX Research and Strategy, Credit Agricole G-10, also noted: "The easing of trade, economic and geopolitical tensions could boost market risk sentiment." These views are in line with the crypto market's strong rally following the news, while Julius Baer advised investors to remain cautious and prepare for potential market volatility despite short-term optimism generated by the progress of negotiations. The agency also advises investors to be sensitive to asset valuations and consider converting their holdings of American depositary receipts (ADRs) into Hong Kong-listed shares to diversify risks. These recommendations are also informative for highly volatile cryptocurrency investors. But the road to a true "thaw" of the trade war, and its long-term impact on the global economy and emerging digital asset classes, is likely to be longer and more complex than a short-term enthusiastic market response. Although challenges still exist, this positive development undoubtedly brings more imagination and possibilities for market participants to find new investment opportunities in the midst of uncertainty. Related reports Trump White House Crypto Summit: Reiterating Bitcoin Reserve Executive Order "Only Mention 1 Update", BTC Drops 85,000 Magnesium Full text of the US Bitcoin Strategic Reserve Executive Order: The Department of Finance has a special office, and all federal agencies report BTC transfer authority within 30 days From a legal point of view, what are Trump's hidden worries about establishing Bitcoin reserves? Can the next president overturn an executive order? "Bessent shouts "great progress" in Sino-US tariff negotiations, analysts: enhance confidence in the risks of cryptocurrencies and U.S. stocks" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".

View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments