#TradeWarEases: Major Tariff Cuts Signal Easing US-China Trade Tensions The United States and China have concluded two days of high-level trade talks in Geneva, resulting in substantial progress toward resolving ongoing trade tensions. Both sides have agreed to establish a new economic and trade consultation mechanism, with a joint statement expected to be released on May 12. Key highlights: • The US will cut tariffs on Chinese goods from 145% to 30% for 90 days. • China will lower tariffs on US goods from 125% to 10% over the same period. • Global markets have reacted positively, with BTC, ETH, and BNB prices all rising. Discussion Points: • How will these tariff reductions impact global markets and supply chains? • Do you think this move marks the beginning of the end for the US-China trade war? • What are your expectations for the upcoming joint statement? Share your thoughts and join the conversation with #TradeWarEases
$BTC The current Bitcoin price is $105,432.0, up 1.25347% from yesterday. Analyzing the bullish or bearish trend of Bitcoin requires considering many factors, including on-chain data, market indicators, and macroeconomic events. Factors that may affect the price of Bitcoin:
• Market demand: Bitcoin demand is showing signs of recovery, indicating that investor interest is increasing again.
• NUPL Index: The NUPL (Net Unrealized Profit/Loss) Index is currently at 0.62, indicating that Bitcoin still has room to grow before reaching excessive excitement.
• Halving: The halving event, when the mining reward is reduced by half, can affect the supply and price of Bitcoin. History shows that after halvings, Bitcoin prices tend to increase. • Interest Rates and Money Supply: Interest rate policy and money supply can also impact Bitcoin price.
• Market Dynamics: Bitcoin is struggling to hold key support levels, suggesting that the downtrend could continue without a strong enough push.