China Escalates Japan Spat Over Taiwan Comments, Bitcoin Erases Years Gain | The Opening Trade 11/17

China is escalating its confrontation with Japan over Prime Minister Sanae Takaichi’s comments on Taiwan, with state media threatening major countermeasures after Beijing’s travel warnings raised the specter of economic retribution. Takaichi’s said earlier this month that military force used in any Taiwan conflict could be considered a “survival-threatening situation". The crypto market selloff shows no signs of abating, and the smallest, riskiest tokens are bearing the brunt of it. The low-point came as Bitcoin, the largest cryptocurrency, erased what was until recently a 30% year-to-date gain, just weeks after setting an all-time high. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Kriti Gupta and Valerie Tytel. (Source: Bloomberg)