$TRUMP
🚨 Donald Trump Says The US And China Had A Good Meeting 🚨
In a Truth Social post, Trump stated that they had a very good meeting with China on May 10 in Switzerland. He further remarked that they discussed many things and agreed on several things. He added that both sides negotiated a total reset in a “friendly, but constructive manner.”
The president also mentioned that he wants to see China open up to American business for the good of both China and the US. Donald Trump again affirmed that they have made great progress.
His statement comes just as CoinGape reported that the first round of the US China trade talks concluded without an official announcement of an agreement. As a result, both sides plan to continue trade talks on May 11, with US Treasury Secretary Scott Bessent and US Trade Rep Jamieson Greer leading discussions for the Americans.
It is worth mentioning that the Bitcoin price surged past the $104,000 resistance following Trump’s statement. The president’s statement undoubtedly provides optimism that the US and China could soon reach an agreement, which would be bullish for BTC and other crypto assets.
Market expert and president of the ETF Store, Nate Geraci, also commented on the BTC price action following Donald Trump’s statement. He noted that Bitcoin is pushing to the $105,000 price level and could soon make a run at its all-time high.
In line with this, he stated that the flagship crypto’s performance is undoubtedly on the radar of institutional investors and allocators. The expert added that he is highly interested in watching the Spot Bitcoin ETF flows over the next several weeks, which could be significant.