Xi Jinping Confirms No Recent Trade Talks with U.S., Impacting Crypto Market

Chinese President Xi Jinping confirmed on April 28th that no recent trade talks have occurred with the United States, furthering the escalating trade conflict. This significant development indicates a prolonged economic stalemate, leading to heightened volatility in the cryptocurrency market. Notably, Bitcoin and altcoins experienced declines following this announcement, reflecting investor anxiety. This situation reinforces the impact of geopolitical tensions on crypto markets as previous trade disputes between the U.S. and China led to notable price fluctuations for Bitcoin and Ethereum.