Trump's Talk Lifts Crypto Markets

Trump recently announced a meeting with China's leader, Xi Jinping, at the APEC summit in South Korea. This news came after a period of high tension between the two countries over trade. Trump's words about Xi were quite flattering, calling him a strong and amazing leader. He also mentioned that he believes a fair deal with China is possible. This news had a positive effect on the crypto markets. Bitcoin and other cryptocurrencies saw a rise in value. This is a big change from earlier, when Trump's tweets about trade tariffs caused a huge drop in crypto values. At that time, nearly $20 billion was lost in the crypto derivatives market. This was the worst liquidation event in crypto history. The market sentiment had been very low, with the Crypto Fear and Greed indicator showing extreme fear. However, some analysts believe that this downturn will be short-lived. They think the long-term trend for crypto is still positive. It's interesting to see how world events can affect the crypto market. Trade tensions between major countries can cause big swings in value. Investors need to be aware of these risks and understand that the market can be volatile.