According to @KobeissiLetter, Chinese authorities said President Trump and President Xi held a phone call this morning, and the Nasdaq 100 extended intraday gains to nearly 1.5% on the headline (@KobeissiLetter). According to the International Monetary Fund’s 2022 research, crypto and U.S. equities have exhibited increased co-movement, making tech-led risk-on moves relevant for BTC and ETH positioning (International Monetary Fund, 2022).