US President Donald Trump reassured that the economic situation with China is “doing very well.” The tweet came weeks after the imposition of yet another tariff imposition which saw traditional markets plunge into the red. Despite his reassurance, the overall market condition is still far from positive. Amid this economic uncertainty, Bitcoin remains relatively stable above $10,000, showcasing its negative correlation to traditional markets yet again.
Investors Uncertain Despite Trump’s Reassurance
The president of the US, Donald Trump, tweeted today that they are doing very well with China. Moreover, he expressed definitive reassurance that they are doing so after many before him have tried and “failed miserably” to do so.
Now, it’s worth noting that this tweet comes a few short weeks after Trump slammed yet another 10% tariff on $300 billion worth of goods which China exports to the US. Back then, traditional markets tumbled as the S&P 500 lost more than 60 points almost immediately after the news broke out.
Despite the latest reassurance of Trump, it appears that investors are not having it as US equity futures accelerated even lower. Read More at CryptoPotato...