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Ethereum surged 6% in a single day on Monday, regaining the $4,000 mark and trading at $4,134. The world’s markets crashed due to fresh concerns about a trade war and the largest single-day cryptocurrency liquidation in history.

The catastrophe occurred late Friday, just after Wall Street closed for the weekend.  Interestingly, the crash now appears to be a total miscommunication between President Xi Jinping and President Donald Trump.

China had subtly announced new export restrictions on rare earth minerals. All that was required by the rules was that export applications “meet regulations.”

The news hardly affected markets for over a day, until traders of stocks, oil, and other commodities suddenly jumped in after Trump accused Beijing of limiting essential exports in a social media post.
Trump’s earlier remark about a 100 percent tariff on Chinese goods seemed to be political theater. According to analysts, the chances of those tariffs going into effect are now “extremely low.” In a different tone, Trump posted on Truth Social, saying, “Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment.” He and I share the same goal of avoiding depression in our nation.

The United States wants to support China, not harm it, President DJT. By Sunday, it seemed his administration was making progress. Indicating that it was open to a deal with Beijing, the White House aimed to ease tensions that had escalated since Friday. According to Vice President JD Vance, if the standoff continued, Trump would have more power, so China should “choose the path of reason.”