Bitcoin Over the Years 👍 2025 = $104,002 2024 = $60,800 20 | Mathew Yanek on Binance Square

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Bitcoin Over the Years 👍
= $104,002
= $60,800
= $26,785
= $29,646
= $49,832
= $9,596
= $7,985
= $8,582
= $1,779
= $456
= $237
= $444
= $115
= $5
= $8
= $0
= $0

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A new study from the Bank for International Settlements (BIS) — often referred to as the “central bank of central banks” — reveals that Bitcoin and stablecoins like USDT and USDC are increasingly being used during economic crises particularly in countries with high inflation strict capital controls or expensive and inefficient banking systems. Key points: • BIS confirms what many in the crypto community have believed: Bitcoin is not just an investment but also a “lifeline” in unstable economies. • People turn to crypto when traditional financial systems collapse or become too costly. • Cross-border crypto flows surged from under $7 billion in 2017 to a peak of $800 billion by the end of 2021. After a decline in 2022 it has rebounded to around $600 billion in Q2 2024. • Initially Bitcoin accounted for 80% of cross-border transactions but now it’s less than 25%, as stablecoins have become more popular for payments and remittances. • The use of crypto has grown significantly in countries with strict capital controls as people use it to bypass financial barriers. • Additionally as global financial tensions rise (e.g., when the VIX index increases) the use of crypto also increases showing that even institutional investors and businesses turn to crypto during times of instability.

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Bitcoin hits a new all-time high against the Turkish lira 🇹🇷.

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U.S.–China Negotiation Update Talks between U.S. 🇺🇸 and Chinese 🇨🇳 officials entered their second day on Sunday in the outskirts of Geneva. White House economic adviser Kevin Hassett stated that China is “very, very eager” to rebalance its trade relationship with the United States, and more detailed information will be released soon. Chinese Vice Premier He Lifeng met with U.S. Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer.#usa #china

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🔥 The United States has officially announced that both sides have reached a trade agreement. The U.S. reported significant progress in trade negotiations with China held in Geneva. Treasury Secretary Scott Bessent stated that the discussions were highly productive and involved senior officials from both sides. Further details will be released at a press conference tomorrow. U.S. Trade Representative Jamieson Greer emphasized that the agreement was reached fairly quickly, indicating that the differences were not major. He also referenced the U.S. trade deficit of $1.2 trillion and expressed confidence that this agreement with China will help address that issue. #usa

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🔥 The U.S. will reduce import tariffs on Chinese goods from 145% to 30% for 90 days and China will also cut tariffs on American goods from 125% to 10% for 90 days. #usa #china

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