On the eve of the China-U.S. trade negotiations, is the price of Bitcoin expected to break through 100,000 dollars?
As the market's expectations for Bitcoin rise, especially with the upcoming China-U.S. trade negotiations this weekend, there is widespread attention on whether Bitcoin's price can break the 100,000 dollar mark in the short term.
As of now, the trading price of Bitcoin has exceeded 99,500 dollars, just one step away from the coveted 100,000 dollar milestone! In the past 24 hours, Bitcoin has risen nearly 2.9%, and this week it has increased by 4.7%, bringing considerable confidence to the market.
It is worth noting that the derivatives market is also cooling down. According to Coinglass data, the liquidation amount in the past 24 hours has decreased by over 7%, currently maintaining around 300 billion dollars, with short positions dominating the market trend. Additionally, Bitcoin's current market share has reached 65%, and the overall market sentiment has shifted from 'fear' to 'greed,' a change that undoubtedly reflects a resurgence of market confidence.
The main reason driving this trend in Bitcoin can be said to be influenced by macroeconomic factors. Foreign media reports suggest that the meeting between representatives of China and the U.S. this week will explore potential trade agreements, which will undoubtedly impact the trajectory of the global economy.
Meanwhile, the Federal Reserve has announced its decision to maintain the benchmark interest rate between 4.25% and 4.5%. Although this news initially caused a slight retreat in Bitcoin, as the market gradually stabilized, the decline has basically been offset by today's upward trend, indicating that investors are relatively optimistic about the future.
What impact do you think this China-U.S. trade negotiation will have on Bitcoin? Do you think it can really break through 100,000 dollars? Feel free to share your views in the comments section!
