🚀Market Volatility! US-China Talks Trigger Bitcoin Surge, Can it Break $100,000 Next?

Before the US-China trade talks held in Switzerland, Bitcoin (BTC) briefly tested the $97,000 mark. As news of the talks emerged, market sentiment soared. However, according to data from prediction platforms, the likelihood of a trade agreement between the US and China is currently less than 30%.

Since April, the trade war between the US and China has been an uncertain factor for global markets, particularly affecting Bitcoin's price volatility. In April this year, the US imposed tariffs on Chinese imports, causing Bitcoin's price to drop to $74,000 at one point. However, amid easing trade relations, Bitcoin's price quickly rebounded to $96,000.

As the May talks approach, the market is filled with anticipation for future macroeconomic shifts. If the talks progress smoothly, Bitcoin's upward trend may continue, pushing it to break the $100,000 mark. However, the prediction market is not optimistic about the outcome of the US-China talks, believing the chances of an agreement being reached are low.

If negative news arises from the US-China trade negotiations, it could impact Bitcoin, so the market will closely monitor the progress of the talks in the coming weeks.