#TradeWarEases
Trade truce: cryptocurrencies are celebrating!
This weekend, a dramatic turn of events: the United States and China, after bombarding each other with tariffs like two children fighting over toys, signed a preliminary agreement in Geneva. The goal? A 90-day pause to catch their breath (and perhaps reread the rules of global trade). The Americans lowered their tariffs to 30%—a Black Friday-style reduction—while China opted for a more modest 10%.
And guess who loved the news? The cryptocurrency market! Within 24 hours, prices soared. Bitcoin, Ethereum, and even Dogecoin were all on the rise. Apparently, less trade war means more love for digital assets. Come on, another 90 days without clashes, and maybe we'll see an NFT do the caterpillar!