US-China Deal Boosts Tech Cooperation Amidst Crypto Market Volatility

A significant development in US-China relations has eased trade restrictions for technology while the cryptocurrency market continues to face turbulence. The move, involving a suspension of export controls on rare earth minerals by China in exchange for the US easing trade restrictions on Chinese companies’ access to sensitive technology, offers hope for increased technological cooperation. However, this diplomatic win is overshadowed by recent monetary policy shifts from the Federal Reserve that have triggered significant liquidations in crypto markets, further fueling market volatility.