After US President Trump threatened China to impose tariffs on another 200 billion U.S. dollars of Chinese exports to the United States, the trade war between China and the United States rose dramatically and the stock market suffered a sharp setback. Investors have increased risk aversion and switched to the cryptocurrency market. The total market value of today’s encryption market surged by US$16 billion. With the escalation of tensions in furniture and international trade issues, the cryptocurrency market may continue to improve, and thus get rid of the long-term bearish trend.
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