Detailed update on the latest developments regarding #ترامب and the trade war with China: 1️⃣ It seems that the sharp drop on Friday was based on a *major misunderstanding*. The timeline of events and how conflicting information led to a violent sell-off in global markets. 2️⃣ On October 9, China announced new controls on rare earth metal exports. The news went largely unnoticed. After 26 hours, on October 10, Trump tweeted about it threatening tariffs, leading to a market crash. The event was not impactful news until Trump reacted to it late. 3️⃣ Last night, China issued a clarifying statement: the new controls are not a complete ban on exports, and requests that "meet the regulations" will be approved. Our analysis from the beginning suggested that the threat of tariffs is a bargaining chip. After this clarification, we believe the likelihood of their implementation has become extremely low. 🔴 Summary: The largest liquidation wave in the history of cryptocurrencies and a loss of $2.5 trillion in market value of the S&P 500 index seems to have been the result of a misunderstanding. A "new trade agreement" is now expected to be announced soon.

The cryptocurrency markets have rebounded as a result.