Bitcoin has risen slightly for two consecutive days, remaining below $85,000, accompanied by gains in alternative cryptocurrencies like Ethereum and Solana. This increase is seen alongside signs of de-escalation in trade conflicts, particularly with Japan. The positive market response has extended to Asian and European stock markets. However, the looming threat of escalating tensions with China poses risks, suggesting that the current upward trend may not be sustainable. The Trump administration's trade strategy includes pressuring countries to limit dealings with China, raising caution in the markets.
While the acceleration of momentum toward settling the tariff conflict with countries around the world is expected to ease concerns about a global trade war, the biggest stumbling block lies in settling the conflict with China, which appears poised to escalate beyond a tariff war.
These negotiations are the first of their kind since the announcement of wide-ranging tariffs two weeks ago.
The Trump administration is not only seeking to reduce the trade deficit with China, but also to rally other countries against it.
Bitcoin and cryptocurrency gains are emerging amid visually signs of a possible de-escalation in the trade conflict between the United States and other countries.
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