Trump Creates a Perfect Scenario for Bitcoin Traders By Escalating a Trade War

By CryptoStore° | Kryptonite | 28 Aug 2019


Trump Creates a Perfect Scenario for Bitcoin Traders By Escalating a Trade War
Wednesday, August 28 2019

promo "Don’t work for money; make it work for you." –Robert Kiyosaki 5-Day Change •Bitcoin$10,124.01 -0.01%   •Ethereum:   $186.04 -1.26%S&P 500: $2,878.40 -1.14%   •Dow Jones:  $25,898.80 -0.91%   Top trading ideas: iBITCOIN: Getting Ready for a Break! iUPWARD TREND: Trend Formed, But Can It Last To $10,700? iBULLISH DIVERGENCE: Could Bitcoin bounce back TO $10,500? iBITCOIN: Bear Flag Spotted  

Bitcoin Finds Support At $10,000, And Is Gaining Momentum For A Push Higher Towards The $12,000

Bitcoin is stuck in a rut... but that may be a good thing. As the top crypto by market cap, Bitcoin has been vacillating between $10,000 and $12,000 since late June, but signs are finally pointing to a break in the pattern or at least a short-term spike. Currently trading at $10,167 at press time, Bitcoin’s famed volatility seems to have cooled for now. But that stability could be crucial for Bitcoin’s next step.

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Stocks Slump, Bonds and Bitcoin Rally as China Plans to Add $75 Billion Worth of New Tariffs

The US-China trade war keeps raging on... with China recently threatening to impose its own counter-tariffs. Namely, China called for imposing up to $75 billion in new tariffs on goods that include soybeans, cars, and oil - key US exports. Key indices, including the S&P 500 and the Dow Jones Industrial Average both lost about 1% immediately following the news, with both trading 1.5% lower than the last 5-days open. In response, US President Donald Trump tweeted an ‘order’ for US businesses to stop working with China.

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Is The US Economy Headed to a Recession? What This Means for Bitcoin?

Recession for the United States may be just around the corner... despite healthy growth for US businesses. There are a lot of signals pointing that way - from US-China trade war escalation to Brexit uncertainty and a lot of other stuff in between. But despite a G-7 meeting last week, it seems that trade and economic tensions will continue to grow. The fact that US President Donald Trump called Jerome Powell, the US Federal Reserve Chairman, a bigger enemy than (Chinese President) Xi Jingping - probably isn’t helping defuse worries.

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CryptoStore°
CryptoStore°

Just I am new in crypto field with good experience. I hope I Will always do some good.


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