The cryptocurrency market is experiencing a notable uptrend, with prices soaring to $95,750. However, amidst this surge, conflicting statements regarding trade discussions are causing widespread confusion. President Trump’s approach appears more balanced as the significant date of April 2nd, Liberation Day, approaches. But who holds the truth in this scenario?
What Did China and the U.S. Say?
President Trump has asserted that he received a phone call from Chinese President Xi Jinping, claiming that 200 agreements have been reached. Yet, the lack of clarity concerning these agreements—such as the specific nations involved—has raised eyebrows. U.S. officials have hinted that talks with 15 countries are progressing, but details remain scarce.
“You need to understand, I am working with all companies and very friendly countries. We are speaking with China. We get along with everyone. But ultimately, I made all the deals.” – Trump
Can Cryptocurrencies Continue to Rise?
Trump’s claims about finalizing 200 trade agreements could be seen as a boon for cryptocurrencies, suggesting a more formal announcement could spur market increases. When questioned about discussions with Xi while en route to the Pope’s funeral, he confirmed multiple conversations have taken place.
Responding to inquiries about the specifics of his talks with Xi, Trump commented:
“This is a huge, beautiful store, and everyone wants to shop there. As the owner on behalf of the American people, I set the prices and I say, if you want to shop here, this is the amount you need to pay.”
Recently, Trump hinted at a potentially favorable shift in relations that could bolster cryptocurrencies, stating, “sooner or later, they will call us.” Meanwhile, Chinese officials indicated that a preliminary agreement should be established before discussions at the presidential level can proceed. Enthusiasts are now eager for clear steps and detailed announcements, anticipating that such moves may restore market confidence.
– Prices in cryptocurrency markets are likely to rise further if Trump’s claims lead to formal trade agreements.
– Positive relations with China could benefit cryptocurrency values.
– Clear communication from both U.S. and Chinese officials is essential to stabilize market reactions.
With these developments in the trade landscape, a shift in market dynamics appears imminent, potentially leading to continued positive momentum in cryptocurrency valuations.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Source: https://en.bitcoinhaber.net/trumps-trade-claims-fuel-cryptocurrency-speculation