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CoinDesk Podcast Network

COINDESK DAILY: China Vows Payback for Nations Backing U.S. Trade Isolation

CoinDesk Podcast Network

CoinDesk

Business News, News, Daily News, Tech News

4.7698 Ratings

🗓️ 21 April 2025

⏱️ 4 minutes

🧾️ Download transcript

Summary

Host Christine Lee breaks down the latest news in the crypto industry as China vowed to retaliate against U.S. calls for trade isolation. Bitcoin surged past $88,000 Monday as China vowed to retaliate against US calls for trade isolation and U.S. President Donald Trump explored ways to remove the most powerful banker in the world. Plus, Vitalik Buterim proposes replacing the Ethereum Virtual Machine with RISC-V as Solana briefly flipped Ethereum in total value staked. CoinDesk's Christine Lee hosts "CoinDesk Daily." - This episode was hosted by Christine Lee. “CoinDesk Daily” is produced by Christine Lee and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:49.5

Bitcoin surging as China vows to retaliate against US calls for. calls for trade isolation and Trump explores ways to remove the most powerful banker in the world.

0:59.3

It's Monday, April 21st, 2025. I'm Christine Lee. This is Coiness Daily.

1:09.7

Escalating U.S. China trade tensions are bolstering Bitcoin past $88,000 a Monday morning in New York,

1:15.5

confirming a bullish breakout from its recent sideways training to suggest more gains ahead.

1:20.9

BTC behaving more and more as digital gold as China vows to retaliate against countries

1:26.0

that align with U.S. efforts to isolate Beijing,

1:28.9

according to a statement from the Chinese Ministry of Commerce. In response to U.S. tariffs, China imposed

1:33.9

125 percent levies on American goods, restricted critical minerals exports, and blacklisted several

1:40.3

U.S. companies, signaling a harder stance. Chinese President Xi Jinping during recent visits

1:45.7

to Vietnam, Malaysia, and Cambodia urge regional leaders to oppose unilateral bullying and resist U.S.

1:51.7

trade pressures. Meanwhile, U.S. President Donald Trump is exploring ways to remove Jerome Powell,

1:57.2

the chair of the Federal Reserve, which is the world's most powerful central bank.

...

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