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The Krypto market is experiencing a spectacular reflection after the decision of US President Donald Trump to temporarily suspend the planned overall duties in Canada and Mexico. This announcement comes in the context of intensive negotiations between the United States and its North American neighbors about the security and border trade.
Temporary suspension that releases markets
3rd February, a number of telephone calls between Donald Trump and Canada and Mexico leaders led to 25% of the customs prices for at least 30 days.
Canadian Prime Minister Justin Trudeau announced an ambitious border plan of $ 1.3 billion, including the appointment of Fentanyl -car and strengthening the border supervision.
On the Mexican side, President Claudia Sheinbaum confirmed the conclusion of similar agreements and emphasized security and trade. During an interview with Bloomberg TV, however, Trump stressed that customs duties could still come into force, now some pressure on current negotiations.
China, also concerned 10% of the customs duties stored on February 1, have not yet benefited from a similar suspension. According to The Wall Street Journal, the Chinese government is ready to negotiate, in particular to propose to re -activate the commercial agreement on phase 1 of 2020, which has set an increase in US export purchases by $ 200 billion in two years.
The crypto market reacts positively
The impact on the crypto market was immediate and significant. After a significant fall, which led to the liquidation of a capital of approximately $ 10 billion, he restored bitcoins of vitality, exceeding a symbolic bar of $ 100,000 to reach $ 101,731, remarkable bounces from its cavity $ 92,000. Ethereum also recorded a strong recovery and from $ 2,451 to $ 2,8880.
The index of the crypto of fear and greed, which evaluates the market feeling, went to greed with a score of 72 out of 100, against the previous position in the territory of fear (39). This development reflects a radical change in the perception of investors after the trade calm.
The platform for prediction of polymarket estimates the chances of complete cancellation of prices before March at 24% for Mexico and 22% for Canada, while China would benefit only 9% probability that they would increase increased overall obligations.
This renewal of the market is emphasized by the growing link between international business policy decisions and the behavior of digital assets, which again demonstrates the sensitivity of the sector to the main geopolitical development.
In short, this dynamics illustrates the growing impact of the decision on commercial policy on the market crypt and emphasizes its high sensitivity to geopolitical tensions. Meanwhile, Europe is preparing a reaction plan in the face of TRUMP.
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Passionate Bitcoin, I like to explore meanders blockchain and cryptos and share my discoveries with the community. My dream is to live in a world where privacy and financial freedom is guaranteed for everyone, and I firmly believe that Bitcoin is a tool that can make it possible.
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The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.