China has firmly denied recent statements from the United States suggesting that trade negotiations between the two countries are active. A spokesperson from China’s Foreign Ministry called the claims false, adding more pressure to already strained relations.
Despite the public denial, China has quietly made a notable move — lifting tariffs on specific U.S. semiconductors. This action suggests a behind-the-scenes strategy to protect its domestic tech sector without engaging in formal discussions.
The mixed signals are having a ripple effect across global markets, including crypto. Bitcoin (BTC) is currently trading between $94,000 and $95,000, showing signs of market hesitation. While there’s no extreme volatility yet, traders remain cautious, interpreting the conflicting headlines as a signal to stay on edge.
With both nations holding firm on their conditions for future negotiations, uncertainty is likely to persist. For crypto investors, this means staying alert, as geopolitical moves could trigger sudden shifts in sentiment and price action.