Marii10
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Bullish
Bitcoin rises as the U.S. and China negotiate in London
The price of bitcoin surpassed $107,000 reflecting optimism in the market.
Trade tensions between the United States and China are back in the spotlight with a new round of negotiations currently taking place in London, in an attempt to ease tariff pressures.
In this context of renewed expectations, the price of bitcoin (BTC) rose above $107,000, reflecting optimism in the markets. However, as CriptoNoticias reported this morning, any announcement that — although positive — does not meet investors' expectations could trigger a 'sell the news' reaction, causing the price to plummet.
The main focus of the discussions revolves around a possible mutual relief: according to Bloomberg analysts, Washington would be willing to ease restrictions on its exports if China lifts the limits imposed on rare earth shipments, key inputs for the global technology industry.
According to sources close to the U.S. administration, Trump may consider relaxing restrictions on strategic exports if Beijing gives clear signals of openness.
#BTC
The price of bitcoin surpassed $107,000 reflecting optimism in the market.
Trade tensions between the United States and China are back in the spotlight with a new round of negotiations currently taking place in London, in an attempt to ease tariff pressures.
In this context of renewed expectations, the price of bitcoin (BTC) rose above $107,000, reflecting optimism in the markets. However, as CriptoNoticias reported this morning, any announcement that — although positive — does not meet investors' expectations could trigger a 'sell the news' reaction, causing the price to plummet.
The main focus of the discussions revolves around a possible mutual relief: according to Bloomberg analysts, Washington would be willing to ease restrictions on its exports if China lifts the limits imposed on rare earth shipments, key inputs for the global technology industry.
According to sources close to the U.S. administration, Trump may consider relaxing restrictions on strategic exports if Beijing gives clear signals of openness.
#BTC
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