#BTC

📉 Short-term correction after growth

American stocks rose on Monday morning after the White House and China agreed to reduce rates for 90 days, which could be a key step towards easing trade tensions between the world's largest economies.

The Dow Jones Industrial Average jumped by 1,044 points, or 2.5%, while the S&P 500 and Nasdaq soared by 2.9% and 4% respectively.

Treasury Secretary Scott Bessen stated on Monday that negotiations with China, which took place over the weekend in Switzerland, were "very productive," and announced that the two countries agreed to lower tariff rates by 115% for 90 days.

After peaking at $105,747, the price of Bitcoin has dropped to $103,800, indicating profit-taking by investors and caution in the market. Despite positive news such as the agreement between the U.S. and China on tariff reductions, Bitcoin is showing volatility, typical of the cryptocurrency market.

While the long-term outlook for Bitcoin remains positive, investors should be cautious due to potential volatility in the short term. It is recommended to closely monitor market signals and news.