President-elect Donald Trump has invited Chinese President Xi Jinping to his inauguration next month, potentially indicating a delay in imposing tariffs on Beijing as Trump begins his second term. This move, as suggested by advisory firm Signum Global, could signal a more diplomatic approach towards China under the new administration. The invitation reflects a possible shift in U.S.-China relations, hinting at a desire for dialogue and negotiation rather than immediate punitive measures.
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Bitcoin, Ethereum, and Dogecoin Soar as "Risk On" Trade Continues
Investors are actively buying risk assets, including growth stocks, tech stocks, and cryptocurrencies, with Bitcoin (BTC) rising 2.9%, Ethereum (ETH) 5.1%, and Dogecoin (DOGE) 6.2% due to positive macroeconomic news, particularly expectations of de-escalation in the U.S.-China trade war. Bitcoin has shown to be a risk asset rather than a hedge, while Ethereum and Dogecoin face uncertainty regarding their long-term value, especially as Ethereum struggles with transaction costs and Dogecoin lacks fundamental use cases. Overall,...
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