On April 23, as the cryptocurrency rebound continues to advance, open contracts in the Bitcoin perpetual futures market also showed more significant growth, indicating increased investor confidence, especially after the Trump administration slowed its offensive on trade tariffs and anti-Federal rhetoric.
The rebound comes after U.S. Treasury Secretary Scott Bessent discusses U.S.-China trade tensions eased, and President Trump said it would significantly cut tariffs on Chinese goods, down from the current 245% to a substantial level. Trump also said he did not intend to remove Fed Chairman Powell from his post.
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