Trade Tensions Ignite Market Dynamics

Key Points

1. The IMF has prompted the Federal Reserve to refrain from further interest rate cuts, which may lead to BTC oscillating below $118,000.

2. U.S. Trade Representative Greer discussed suspending tariffs with China, noting improvements in magnet supply for U.S. companies.

3. No agreement was reached on export controls, but a 90-day extension (until November 10) on tariff suspensions is being considered.

4. U.S. Treasury Secretary Bessent is monitoring discussions with China, emphasizing that tariff suspension details remain unresolved and require Trump's decision.

5. The U.S. expressed dissatisfaction with China's oil purchases from Russia and Iran, as well as the sale of dual-use technology, though the overall meeting atmosphere was constructive.