Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, US and China representatives signal easing trade tensions, Bitcoin is retesting the golden cross, a bullish pattern that preceded past parabolic rallies. Meanwhile crypto traders’ “typical rationalization” behavior by pointing to Trump’s tariffs as the reason for the market dump.
Representatives from the United States and China eased the heated rhetoric around trade policies after tensions between the two countries flared up this week due to China’s export controls on rare earth minerals and US President Donald Trump’s announcement of an additional 100% tariff on China.
China’s Ministry of Commerce signaled a willingness to negotiate on the rare earth export control proposal and other trade issues on Sunday, which came alongside a statement from Trump. In a Sunday Truth Social post, Trump wrote:
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