Derived from U.Today, Permabull Tom Lee claims that the easing of US-China trade tensions could benefit Bitcoin and Ethereum. The article notes that Bitcoin reached an intraday high of $113,851, while Ethereum approached $4,100. Earlier in the month, the White House announced 100% tariffs on China, causing over $19 billion in crypto liquidations. However, recent reports suggest de-escalation after high-level talks at the ASEAN summit, with the US agreeing to delay 100 tariffs and China postponing rare earth curbs by a year.
Tom Lee Claims BTC and ETH to Benefit from US-China Trade Detente
U.TodayShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.