China and the United States will hold trade talks, Bitcoin rebounds sharply to break through $97,000

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Followin message, according to Jin Shi news, a reporter asked: On the morning of May 7th, the Ministry of Foreign Affairs announced that Vice Premier He Lifeng will visit Switzerland from May 9th to 12th and hold talks with the US side during the visit. Could the Ministry of Commerce provide background and considerations for this meeting? Answer: The Chinese side carefully assessed the US information. Based on fully considering global expectations, China's interests, and calls from the US industry and consumers, China has decided to agree to contact with the US side. Vice Premier He Lifeng, as the Chinese lead for China-US economic and trade relations, will hold talks with the US lead, US Treasury Secretary Becent, during his visit to Switzerland.

Possibly influenced by this easing of China-US trade, the crypto market rebounded sharply today, with Bitcoin breaking through $97,000, currently reported at $97,400, with a daily increase of 3%.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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