‘Total Reset’ with China sends the market up

The cryptom market increased dramatically on May 10, when President Donald Trump claimed that the United States had “a very good meeting” with China.

Bitcoin almost increased the price rating of 105,000 US dollars within an hour after Trump’s statement. However, it retired to the previous zone within a few hours.

Ethereum approached the $ 2,600 brand within an hour after the statement before making a modest withdrawal.

According to Kraken’s Price Feed, Bitcoin was traded at $ 103,927 at the time of the press time. Ethereum was traded with $ 2,539.07 according to octopus at the time of writing.

Trump wrote about the truth that the two countries negotiated a “total reset” in a “friendly but constructive” way. He added that the United States would like to see how China opens to American business. “Great progress !!!”

However, the President revealed no specific details about the progress he claimed.

The trade talks between the two countries began this weekend in Geneva, Switzerland. Finance Minister Scott Bessent, sales representative Jamieson Greer from the United States and deputy Premier -Lifeng from China perform the talks.

This is the first time that civil servants from both countries have met since Trump imposed tariff hikes on April 2.

From now on, the United States is raising a tariff of 145% on Chinese imports, and China raises a tariff of 125% on US imports. The escalations have led to an almost commercial embargo.

China’s official state news agency, Xinhua, said on May 10 that the high -ranking meeting at the USA of the United States serves a “stable and constructive” relationship of the interests of both nations and the world as a whole, mentioned and added: