BiyaPay Analyst: China Breaks the Ice, US and Hong Kong Stock and Crypto Markets Rise in Sync
BlockBeats News, October 27th, the China-US economic and trade team concluded a two-day negotiation in Kuala Lumpur, Malaysia on October 26th, reaching a preliminary consensus on extending the tariff suspension period, export controls, the shipbuilding industry's 301 measures, and other issues. Both sides agreed to continue to implement the details and go through domestic procedures. The market generally believes that this progress shows that the China-US economic and trade relationship is gradually improving. The positive news has boosted global risk appetite, with both the Hong Kong and US stock markets strengthening. The crypto market has also risen in sync, with Bitcoin breaking through $115,000 and Ethereum surpassing $4,200, continuing its recent upward trend.
BiyaPay analysts believe that the outcomes of the China-US negotiations, expectations of loose policies, and the possibility of the Fed continuing to cut interest rates collectively support the market's short-term strength. Investors can focus on the correlation between digital currencies and the US and Hong Kong stock markets. The BiyaPay platform supports zero-fee trading of digital currency spot contracts and allows trading USDT for US stocks, Hong Kong stocks, and futures, empowering users to seize opportunities in the global market.
You may also like

Morning Report | Illinois signs the strictest digital asset tax law in the U.S.; RWA tokenization market size surpasses $43 billion, institutions accelerate the migration of on-chain assets

Full version of the debut Q&A! Federal Reserve Chairman Waller: Sticking to the 2% inflation target, establishing five special working groups, individual did not submit the dot plot

From Disruptor to Shadow Market: The Crypto Market is Becoming a Colony of Traditional Finance

Dalio's important long article: How to position in the current market environment?

OKX Star analyzes Binance's competitive advantages: when regulation levels the playing field, competition has just begun

New gameplay for participating in initial offerings on cryptocurrency exchanges

Why Is Bitcoin Down Today? What the Hawkish FOMC Means for SpaceX, Gold and Nasdaq

DeepSeek Financing Story

Morning Report | DeepSeek completes over $7 billion in financing, with a valuation exceeding $50 billion; Musk's personal wealth has surpassed the total market value of Bitcoin

Cursor, why did you get on Musk's spaceship?

In the name of charity, for the benefit of the family: How the Trump family turned charity into profit?

Will Gold Break $4,500 After Tonight's Fed Decision? What XAUT and PAXG Traders Need to Know

SharpLink CEO: How to understand that Ethereum developers have just surpassed 1 million?

Morning Report | MiCA grace period expires on July 1; Kalshi's trading volume in the first week of the World Cup breaks $5.1 billion, setting a record

The foundation of SpaceX's trillion-dollar valuation: Who is dividing Musk's annual capital expenditure of tens of billions?

How to exit after asset tokenization?

The stablecoin positioning battle escalates: When compliance is just a ticket to entry, will USD1 become the biggest winner?

