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Trump says ‘don’t worry about China,’ crypto markets rally

From thestreet.com

The crypto market roared back to life on Oct. 12 after U.S. presidential candidate Donald Trump attempted to calm investors, saying they should not "worry about China” following his announcement of a 100% tariff on Chinese imports earlier this week, a move that had sparked panic across global markets. After a $19 billion liquidation wipeout on Oct. 10, which some analysts say may have been as large as $300 billion to $400 billion when unreported data is included, entiment flipped sharply positive. According to CoinGlass, total market liquidations in the last 24 hours have cooled down to $772 million, signaling that ... (full story)

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  • Category: Fundamental Analysis