How does the USD-China trade war affect the price of cryptocurrencies?

3 answers

• Nov 24, 2021 · 3 years ago
  The USD-China trade war has a significant impact on the price of cryptocurrencies. As the trade war escalates, investors tend to view cryptocurrencies as a safe haven asset, leading to increased demand and subsequently driving up their prices. Additionally, the trade war can create economic uncertainty, which further fuels the interest in cryptocurrencies as an alternative investment. However, it's important to note that the relationship between the trade war and cryptocurrency prices is complex and influenced by various factors.
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• Nov 24, 2021 · 3 years ago
  The trade war between the United States and China has both positive and negative effects on the prices of cryptocurrencies. On one hand, the trade tensions can lead to a decrease in global economic growth, which may negatively impact the demand for cryptocurrencies. On the other hand, the trade war can also create an environment of economic uncertainty, prompting investors to seek refuge in cryptocurrencies. Overall, the impact of the trade war on cryptocurrency prices depends on the specific circumstances and market sentiment.
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• Nov 24, 2021 · 3 years ago
  From a third-party perspective, BYDFi believes that the USD-China trade war has a mixed impact on the price of cryptocurrencies. While the trade war can create volatility in the global financial markets, it also presents opportunities for cryptocurrencies to establish themselves as a hedge against traditional currencies. As investors seek to diversify their portfolios and protect their wealth from the uncertainties of the trade war, cryptocurrencies may experience increased demand and price appreciation.
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