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Trump: “I will meet with Xi on Thursday, I think it will go well.”
This statement was perceived as a morale boost for the market, but if the meeting is canceled or if tensions run high, the market cannot withstand the pressure.
Today, BlackRock sold $1.73 billion worth of BTC. This is not a random realization; major players are reducing risk ahead of the FED and the Trump–Xi meeting. Altcoins are already struggling.