Recently, there have been some heavy news in the crypto world, and anyone who follows the market closely has certainly felt the movement that has occurred. Let's summarize the most important things and tell you why this could change the game:
First: Is China starting to talk to America?!
China announced that it is "evaluating" America’s initiatives to resume trade talks. Of course, this happened after years of tensions and sanctions. But China stated clearly: If you don't lift the tariffs that reached 145%, then there will be no talk.
What does this mean for crypto?
Any easing in the relationship between the two largest economies in the world gives the market a boost. Investors love stability, and as soon as they hear that interests are warming up between China and America, they start to re-enter risky assets like Bitcoin.
Secondly: Britain is entering the field with clear laws.
Britain announced new draft laws to regulate the crypto market, which means they are trying to make the field safer and more attractive.
The nice thing is that they announced greater cooperation with America to unify their policies.
In short: major companies will feel more secure, and investments will increase.
Third: Which two states in America are investing in Bitcoin?!
The state of Arizona approved a bill to create a "Bitcoin Reserve" meaning they will invest up to 10% of state assets in Bitcoin.
And North Carolina said it might also invest 5% of state funds in crypto.
What does this mean?
This means the issue is no longer just a hobby for people on Twitter, nor speculations by youth on Binance, it's now a government investment! And that’s the biggest support the market could see.
---
Impact on the market:
All this news says one thing: trust is gradually returning to the market.
Bitcoin has actually started to move up, and Ethereum is following, because people see that governments are not just recognizing crypto, but are investing in it as well.
---
In summary: If you are an investor in crypto, this news is considered very positive.
And if you haven't entered yet, this could be an opportunity before prices soar.
But as usual, keep your eyes wide open, and be ready for any fluctuations.
Don't forget to like and follow and share a lot!