XRP Rebounds As Canada Dismisses China Pact Rumors

• XRP rebounded 7% after a 4-day losing streak.
• The Canadian Prime Minister has dismissed signing a trade deal with China.
• The U.S. Senate has set the Market Structure Bill markup for January 29.

XRP ended a 4-day losing streak on Monday with a 7.2% rebound following a positive macroeconomic development between the U.S. and Canada.

No Canada-China Trade Deal

Canadian Prime Minister Mark Carney, on Monday, January 26, dismissed reports that his country had signed a free trade deal with China, abating fears of a 100% tariff on Canadian goods bound to the U.S.

Carney made the statement after threats emerged from within the Donald Trump government that Canada would regret cooperating with China in a recent deal that will see the latter supply 49,000 Chinese EVs to the North American country at 15% tariff, down from 100%. The officials noted that the U.S. will not a…

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