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CryptoMaksymus
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On UPBIT, the largest Korean exchange
Bitcoin
fell by 27% in a matter of minutes
c $95,800 to $71,800.
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It happened again)
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China just gave the green light to banks to use foreign currency to finance expanded gold imports. China increases purchases of gold... exchanging US dollars for hard assets.
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The current average values of the index of fear and greed are growing, which indicates optimism in the mood of Bitcoin investors. But the index is still far from the overheating zone. Currently, the market is on the rise after Sunday's talks between Washington and Beijing.
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China and the USA agreed to reduce tariffs for 90 days China will reduce tariffs on US goods from 125% to 10% The US will reduce tariffs on Chinese goods from 145% to 30% The measures will be in effect for 90 days to ensure the possibility of additional trade negotiations.
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Bitcoin outperforms the S&P500, Nasdaq and even gold. A shift in the mindset of retail investors in the US is already happening: Americans invest MORE in Bitcoin than in gold. Ark Invest and Microstrategy predict that institutional investors will do the same.
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