#MetaplanetBTCPurchase 🔥 BTC cools down — 115K $ even with the Putin–Zelenskyy meeting in focus
The price of bitcoin on Tuesday is down about 5% from last week's record of $124,474.
Trump has contacted Putin to arrange trilateral meetings with Zelenskyy and Putin.
Treasury companies like Metaplanet and Strategy are acquiring BTC at current prices despite its weakness.
Bitcoin (BTC) fell below 115,000 $ on Tuesday, down about 5% from last week's record of $124,474.
Trump is organizing a trilateral Russia-Ukraine summit.
On Monday, Ukrainian President Zelenskyy and several European leaders met with U.S. President Trump at the White House to discuss ending the conflict in Ukraine. This follows Trump's meeting with Putin in Alaska on Friday.
Monday's meeting revealed that Trump would organize trilateral discussions with Putin and Zelenskyy. This improves the prospects for a resolution in the Russia-Ukraine conflict and could enhance risk appetite and Bitcoin prices.
Treasury companies buying Bitcoins are declining.
The price of bitcoin on Tuesday is below $115,000, down about 6% from its record of $124,474. Treasury companies like Metaplanet and Strategy purchased 1,185 BTC on Monday, despite this price drop.
Analyst QCP predicts sideways trading, with dips around 112,000 attracting buyers and rises near 120,000 matching supply until Fed Chair Powell's speech on Friday.
Bitcoin price forecast: momentum signals weaken
Bitcoin reached a record of 124,474 $ on Thursday but dropped 4% the same day. BTC traded around 117,300 $ over the weekend. BTC fell below 116,300 $ on Monday. As of Tuesday, it is trading below an upward trend line created by connecting several lows since early April.
