China, Donald Trump and Markets
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Secondly, as larger institutions have developed and deployed crypto and other on-chain products and services, the risk tolerance of these newer investors may be lower than more veteran players, which might have compounded the sell-off.
Smaller, more volatile tokens also slipped, dragging the combined market value of all cryptocurrencies down by more than $150 billion over a 24-hour period, according to CoinGecko data. The slide came as China imposed curbs on the American units of Hanwha Ocean Co.
Cryptocurrency prices jumped Sunday as U.S. President Donald Trump sought to ease diplomatic tensions with Beijing, saying “it will all be fine” even as his administration moves toward a possible 100% tariff on Chinese imports.
The news has sparked a bounce across crypto, with bitcoin BTC $114,474.30 returning to just above $114,000, higher by about 3% over the past 24 hours. In the far more harder hit alt sector, the moves are more sizable, with ether ETH $4,147.99, solana SOL $199.10 and DOGE $0.2100 all ahead in the 6%-8% area.
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Half a trillion dollars wiped from the market in the latest sell-off, with Trump’s own meme coin hitting a new all-time low
Flash crashes like these are obviously extremely uncomfortable for investors, but they're clarifying because they expose weak financial plumbing, miscalibrated risk-taking habits, and shaky narratives. They also give long-term investors a checklist for what to do next. Here's what you need to know, and what you need to do.
Nick Clegg, Meta's former president of global affairs and former U.K. deputy prime minister, joins Arjun Kharpal to discuss crypto, China and artificial intelligence.