Substantial Progress in China-US Meeting: Bitcoin Holds Firm Near $105,000
The second day of talks between US and Chinese officials concluded this Sunday in Switzerland. US Treasury Secretary Scott Bessent addressed the media and spoke in general terms about the meeting without offering further details. The official limited himself to saying that "substantial progress" was made. So far, the price of Bitcoin remains above $104,000.
According to Bessent, the parties reached a trade agreement, which suggests enormously positive news for the markets. However, the details of the agreement will be announced this Monday. Trump is aware of everything, the official said, which means he could reveal something on social media in the coming hours.
Among the elements gathered from US officials, it is highlighted that the eventual agreement would eliminate the trade deficit between the two countries. This means the Chinese market will open up to American products, although this is no guarantee that those products will have significant domestic demand.
