The warming of Sino-US economic and trade relations resonates with the ‘dual reduction’, and Bitcoin is approaching $100,000 again!! 🔥🔥🚀
Today, Bitcoin's price fluctuated around $97,000 to $99,000, almost breaking the $100,000 barrier!! 💥💥
The sharp rise is mainly due to:
China's reduction in reserve requirements and interest rates (injecting 1 trillion yuan), leading to more money flowing into Bitcoin;
US state governments starting to buy Bitcoin (for example, New Hampshire), with institutions following suit;
The easing of Sino-US trade negotiations, making the market feel that risks have decreased, and capital is willing to invest.
However, it dropped a bit in the afternoon, now returning to $99,800, indicating that the $100,000 level has considerable pressure, and we need to see if there are any new positive developments 🤔🤔
