The 90 -day customs contract between the United States and China can set the stage for a wide range of recovery in the stock and cryptocurrency market as investors expect potential tax reduction packages.
The White House announced on May 12 that the two countries will reduce their tariffs to 10%from May 14 from May 14.
US Treasury Minister Scott Bessent said at a press conference in Geneva that the two governments are consistent in avoiding more economic separation.
Bessent said, “The agreement of both representatives does not want to be separated.” We want trade. We want more trade balance. “
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According to Aurelie Barthere, a major research analyst of Crypto Intelligence Nansen, the 90 -day interruption of additional tariffs, with the 90 -day interruption of additional tariffs, and the constructive tone of negotiations remove the risk of “sudden reconstruction” with the 90 -day interruption of additional tariffs.
Barthere said in Cointelegraph, “Bitcoin is already getting closer to a record high.” But as the latest trade tension is alleviated, Altcoins, US Equities and US DOLLAR Index (DXY) seem to have a catch -up rally. “
She noted that Bitcoin surpassed risk assets in recent months due to insulation of tariff -related risks.
“The US dollar has improved global risks by strongly achieving previous safe liberation currencies such as Euro, Switzerland Franc and Japanen,” Barthere has improved.
Nansen predicted a 70%chance that Crypto and stocks could find the floor by June, and the price recovery was based on the results of the transaction.
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Tax reduction can amplify the assembly
BITCOIN is currently 4.8% of the record high of $ 109,800 in January 2025.
Barther added to Cointelegraph as follows:
“This should go beyond simply extending the expiration tax reduction and include additional income tax reduction and corporate tax reduction.”
She suggested that Bessent could release such a package by mid -July, which would play a role as an “important catalyst” to the market.
The constructive trade negotiations that pair with the emerging technology chart patterns required the Bitcoin rally to $ 150,000 according to the results of the bull flag pattern that the analyst comes to mind on the weekly chart.
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