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U.S. Treasury Secretary Mnuchin Expects the US to Ink Trade Deal with China

  • Alex Dovbnya
    📰 News

    Steven Mnuchin claims that the US could still slap China with additional tariffs in December if there is no trade agreement

U.S. Treasury Secretary Mnuchin Expects the US to Ink Trade Deal with China
Cover image via www.123rf.com

During a recent interview with CNBC, U.S. Treasury Secretary Steven Mnuchin predicted that the US would eventually sign a trade deal with China.

However, if there is no agreement between the two economic superpowers, the US will impose an additional batch of tariffs on China on Dec. 15 (as it previously intended to do). 

“I have every expectation - if there’s not a deal, those tariffs would go in place - but I expect we’ll have a deal,” claims Mnuchin. 

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As reported by U.Today, US President Donald Trump signaled some progress in the US-China trade talks, which instantly painted the US stock market green. Trump also stated they were near the end of the trade war after reaching a partial deal with China. 

However, Goldman Sachs doesn't buy this optimism. The number one US bank predicts that there is a 60 percent chance that the previously announced 15 percent tariffs will be eventually imposed, but it will likely happen in 2020 instead of Dec. 15.   

Will the US and China be able to reach a trade agreement? Feel free to share your comment!  

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Bitcoin's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester

  • Alex Dovbnya
    📰 News

    Tuur Demeester wants you to buy the dip as Bitcoin touches the support of its parabolic uptrend for the first time since March

Bitcoin's Parabolic Uptrend Remains Intact Despite Price Collapse: Tuur Demeester
Cover image via u.today

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Tuur Demeester of Adamant Capital has just taken to Twitter to calm down Bitcoin enthusiasts who might have been swayed by incredibly bearish sentiment on crypto Twitter. 

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Bitcoin recently dropped to $6,800, its lowest level since early May. However, Demeester apparently sees this as yet another opportunity to buy the dip. He states that top coin's parabolic uptrend that started at the beginning of 2015 hasn't been violated. However, Bitcoin has tapped support for the first time since March when Bitcoin was trading well below $4,000. 

Shortly after printing a huge red candle on the logarithmic chart, the Bitcoin price spiked by 20 percent on Apr. 2, which started the coin's massive run to $13,700. 

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Crypto Analyst Doesn't Expect Bitcoin Price to Repeat Past Halvenings

Crypto Analyst Doesn't Expect Bitcoin Price to Repeat Past Halvenings

As of now, BTC is down by nearly 50 percent from its yearly high, but this might not be the end of the nightmare for Bitcoin bulls. According to trading exert Josh Rager, the crypto king could plunge below the $7,000 level again after a fakeout to the $7,500 range. 

Gold bug Peter Schiff recently predicted that BTC could collapse to $10,000 level after competing the head-and-shoulders pattern.  

At the time of writing, BTC is sitting $7,313, CoinStats data shows. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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