Progress in US-China trade boosts Bitcoin, $110,000 in sight!
With significant progress in US-China trade negotiations, market investment sentiment has turned optimistic, focusing on the upcoming US Consumer Price Index (CPI) announcement. If the CPI shows continued cooling of inflation, the Federal Reserve may lower interest rates, and Bitcoin is expected to break through its historical high of $110,000.
US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer announced a trade agreement, ending weeks of punitive tariff deadlock and reigniting risk appetite in the capital markets. The market expects the April CPI to remain at 2.4%, and if it meets expectations, it will serve as a positive catalyst for Bitcoin.
Since rebounding in early April, Bitcoin has risen over 25%. BlackRock's Bitcoin spot ETF 'IBIT' continues to attract capital, indicating strong market demand. While short-term volatility is inevitable, if Bitcoin can firmly hold above $100,000, it will lay the groundwork for the next wave of momentum.
Meanwhile, the growth potential of SOL should not be underestimated! SOL has already seized the potential of the meme trend, creating a new wave of memes, and those with spare cash are willing to invest early in some promising meme coins. Among them, meme coins related to Trump are particularly popular, especially the heroic dog Co nan, backed by Trump's strong IP and active community. Under market pressures, its market cap once fell below $10M, but days later it returned to above $10M, showing strong resilience, and this is a great time to buy in or add to positions. The number of holders has exceeded 13.5K and continues to grow, which means it has great potential to become a dark horse in the bull market!
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