Best trade deal we can get. Everyone is celebrating but $BTC doesnt pump
Why? Massive amount of inflows going into BTC ETF with macro uncertainty, now it's reversed
This isnt good news for BTC while US equities become more attractive now. That's why you see Nasdaq pumped 4% but BTC flat
Expect BTC tops out locally around here, finally corrects before it fully sends to ATH. Still expect everything sends north until August after some consolidation
Exercise caution here if you're FOMO chasing alts
U.S. AND CHINA TO CUT TARIFFS, EASING TRADE TENSIONS
The U.S. and China agreed to sharply reduce tariffs, signaling a shift from conflict to cooperation between the world’s top economies.
Key points from Geneva talks:
🔸 Trump’s tariff on Chinese goods drops to 10% from 125%.
🔸 A separate 20% fentanyl-related tariff stays in place.
🔸 China cuts its retaliatory tariffs to 10% from 125%.
🔸 The cuts are temporary, lasting 90 days as talks continue.
Markets reacted strongly:
🔸 S&P 500 poised to recover losses since April.
🔸 Nasdaq-100 futures jumped 3.5%+.
🔸 Amazon, Apple, Tesla rose in premarket trading.
🔸 Dollar and bond yields climbed.
The trade war had stalled U.S.-China trade and hurt businesses. This deal raises hopes of avoiding the worst economic fallout.
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