Crypto Market Hit as US-China Deal Gets Delayed
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The crypto market dropped after news came out that trade talks between the US and China have been delayed. This made investors nervous, and many started selling risky coins, causing prices to fall.
Top Gainers:
DeXe (DEXE): Even though the market is down, DEXE moved up and is now trading at $13.85, up by 11.3%.
SPX6900 (SPX): SPX went down a little and is now at $1.085, falling by 3.1%.
Tether Gold (XAUT): XAUT, a gold-backed crypto, went up by 0.7% to $3,298.68, as traders looked for safer options.
Altcoins Under Pressure:
Many altcoins dropped in price because of the worry caused by the delay in trade talks.
Impact: If the US-China talks don’t move forward soon, the crypto market could stay unstable. More traders might put money into stablecoins or gold-based tokens like XAUT to feel safer.