Key Takeaways:
Bitcoin surged past $82,000 on May 14, reversing losses to lift its market cap to $1.63 trillion.The rally triggered $236 million in total liquidations, hitting short sellers on Polymarket and exchanges.Trump’s China summit may ease inflation, though experts warn oil markets won’t fully recover until 2027.However, headlines regarding President Donald Trump’s much-anticipated visit to China quickly reshaped the narrative. Many investors hope the summit will help both countries resolve outstanding issues and scale back costly tariff wars. Some observers are optimistic that a positive outcome will persuade China to convince Iran to reopen the Strait of Hormuz.
