BiyaPay Analyst: China Breaks the Ice, US and Hong Kong Stock and Crypto Markets Rise in Sync

BlockBeats News, October 27th, the China-US economic and trade team concluded a two-day negotiation in Kuala Lumpur, Malaysia on October 26th, reaching a preliminary consensus on extending the tariff suspension period, export controls, the shipbuilding industry's 301 measures, and other issues. Both sides agreed to continue to implement the details and go through domestic procedures. The market generally believes that this progress shows that the China-US economic and trade relationship is gradually improving. The positive news has boosted global risk appetite, with both the Hong Kong and US stock markets strengthening. The crypto market has also risen in sync, with Bitcoin breaking through $115,000 and Ethereum surpassing $4,200, continuing its recent upward trend.

BiyaPay analysts believe that the outcomes of the China-US negotiations, expectations of loose policies, and the possibility of the Fed continuing to cut interest rates collectively support the market's short-term strength. Investors can focus on the correlation between digital currencies and the US and Hong Kong stock markets. The BiyaPay platform supports zero-fee trading of digital currency spot contracts and allows trading USDT for US stocks, Hong Kong stocks, and futures, empowering users to seize opportunities in the global market.