According to VanEck China and Russia are settling energy trades in Bitcoin

China, Russia, and Bolivia are using Bitcoin to settle energy trades, signaling a shift away from U.S.-led financial systems. This development is part of a broader trend of countries diversifying their trade and payment systems using digital assets. According to a VanEck report, this trend may be driven by concerns over escalating global trade tensions and the need for alternative financial infrastructure.

Key Points:

• China, Russia, and Bolivia are using Bitcoin to settle energy trades.
• This trend may be driven by concerns over global trade tensions and the need for alternative financial infrastructure.
• Investors are watching the Federal Reserve's evolving position and the U.S. Dollar Index (DXY) for potential impact on Bitcoin's performance.