Markets had already priced in most of the expected developments, and the lack of a joint press conference suggested that no major breakthroughs had taken place.
Min Jung, a research associate at Presto, noted that Bitcoin initially declined after the Trump-Xi meeting concluded without immediate trade announcements. Markets had already priced in most of the expected developments, and the lack of a joint press conference suggested that no major breakthroughs had taken place.
Further complexity arose at the Federal Open Market Committee meeting, where surprise dissenting votes demanded that there be no interest rate cuts. Federal Reserve Chairman Jerome Powell expressed uncertainty about further rate cuts at the December meeting, even though rates were cut by 25 basis points.
“This has generated uncertainty in the markets,” Lim added, highlighting the multiple factors affecting cryptocurrency prices. Vincent Liu, CIO at Kronos Research, emphasized that short-term movements will depend more on liquidity and macroeconomic positioning than on securities alone.
The intersection of monetary policy decisions and international trade developments continues to shape crypto market dynamics, with analysts highlighting continued macroeconomic uncertainty despite Thursday’s rally.
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