According to @ReutersBiz, global equities rose while safe-haven assets including gold and government bonds fell on signs of easing US-China trade tensions, source: Reuters Business reut.rs/4owIDFM. For crypto trading, this risk-on backdrop is material because BTC and ETH have shown increased correlation with equities since 2020, indicating higher sensitivity to macro news flow, source: IMF blog Crypto Prices Move More in Sync With Stocks, imf.org, January 2022.