#DYMBinanceHODL Cryptocurrencies start the week on mixed ground and Bitcoin struggles for $108,000 after agreement between the US and China.🇨🇳🤝🇺🇲✨✨✨
The benchmark index does not benefit from the new all-time high of the S&P 500 nor from the entry of institutional capital.
The cryptocurrency market had a market capitalization of $3.32 trillion (-0.1%) on the morning of this Monday (30), at which point Bitcoin BTC €91,707 was orbiting around $107.9 thousand (-0.2%) with a 64.7% market dominance, neutral sentiment from investors (52%), and the main altcoins on mixed ground.
The retraction was dissociated from the stock markets, as the S&P 500 and the Nasdaq, historically correlated with BTC's performance, closed Friday's session (27) with new all-time highs, respectively at 6,173.07 (+0.52%) and 20,273.46 points (+0.52%).
The movement, which rekindled the appetite of risk investors, to whom cryptocurrencies are associated, occurred following advancements in trade agreements between the United States and China. This implied the acceleration of the export of Chinese rare earth minerals, necessary for the US automotive industry.
China will examine and approve export requests for controlled items," said China's Ministry of Commerce... and the United States will correspondingly cancel a series of restrictive measures it took against China, reported in a statement by China's Ministry of Commerce.