#USChinaTradeTalks US-China Trade Talks Stalled: Altcoin Market Faces Strong Correction
š Key Update for Binance Traders:
U.S. Treasury Secretary Scott Bessent has confirmed that trade negotiations between the U.S. and China have stalled, adding to global market uncertainty.
This has triggered significant volatility across the crypto market, with altcoins bearing the brunt of the correction.
š» Market Impact:
Bitcoin (BTC): Down 7.3%, currently around $93,800
Ethereum (ETH): Plunged 20%, near $2,500
Meme coins and Solana tokens: Dropped between 13% and 38%
Liquidations: Over $2.2 billion in the last 24 hours
ā ļø Technical Breakdown:
BTC: Testing key support at $95,000; a break below could send prices towards $85,000
ETH RSI: Showing oversold levels; watch $2,359 as crucial support
š Binance Trader Takeaway:
Use Stop-Loss orders to manage risks
Watch for potential rebounds at key support levels
Expect continued volatility until trade talks resume or macroeconomic clarity improves
š For more details, check the Binance Market Reports.
ā ļø Not financial advice. Do your own research before trading.
BTCUSDT Perp: 105,237.1 (-2.93%)
