#USChinaTradeTalks US-China Trade Talks Stalled: Altcoin Market Hit Hard
📉 Important Update for Binance Traders:
U.S. Treasury Secretary Scott Bessent has confirmed that trade negotiations between the U.S. and China have stalled, intensifying global market uncertainty. This news has fueled sharp volatility across the crypto space — with altcoins suffering major corrections.
🔻 Market Impact:
Bitcoin (BTC): -7.3%, currently trading near $93,800
Ethereum (ETH): -20%, hovering around $2,500
Meme coins & Solana ecosystem tokens: Declined 13%–38%
Liquidations: Exceeded $2.2 billion in the past 24 hours
⚠️ Technical Breakdown:
BTC: Testing $95,000 support – a breakdown could push prices toward $85,000
ETH RSI: Deep in oversold territory – $2,359 is a critical support to watch
📌 Binance Trader Takeaways:
Use Stop-Loss orders to manage downside risk
Monitor key support zones for potential bounce entries
Expect elevated volatility until trade talks resume or macroeconomic signals stabilize
> 📉 USDT Perp (US Derivatives Market): 105,237.1 (-2.93%)
🔗 For full insights, check the Binance Market Reports.
⚠️ Not financial advice. Always DYOR (Do Your Own Research).
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