Crypto market bleeds despite rate cuts, US-China trade negotiations
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Crypto prices remain depressed due to macroeconomic and geopolitical uncertainty, despite interest rate cuts and positive trade news.
US Treasury Secretary Scott Bessent said on Thursday that the US would suspend restrictions designed to limit access to Chinese companies buying technology that the US government considers sensitive.
The eased restrictions were given in exchange for China agreeing to suspend its export controls on rare earth minerals used in electronics and military defense applications, according to Reuters.
Bessent’s announcement follows several weeks of softening trade tensions between the two countries, which is normally a positive catalyst for crypto prices.
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한 곳에서 모든 암호화폐, NFT 및 DeFi 를 관리하세요시작하는 데 사용하는 포트폴리오를 안전하게 연결하세요.