Bitcoin Price has recovered from lows and surpassed the $ 104,000 after the US and China has reached an agreement to launch a new round of trade discussions. Both US President Donald Trump and Chinese President Xi Jinping confirmed the news in a phone call earlier today. Trump said about Truth Social That the meeting will be productive and looking forward to better results.
High-Stakes Trade Meeting in London
Top US and Chinese officials will meet in London on 9 June to discuss critical trade issues, including rates, exports of technology and rare earth materials. The interviews will, among other things, the American Minister of Finance Scott Bessent, Trade Secretary Howard Lutnick and trade representative Jamieson Greer.
Although earlier discussions, such as those in Geneva, have led to a temporary relaxation of rates, there are still deeper concerns. China remains frustrated by the American policy that limits Studentvisa and advises chip makers to limit things with Chinese companies. Beijing also accuses Washington of holding efforts to export essential materials that are used in advanced technology.
Crypto market rises in the midst of economic uncertainty
In the midst of these tensions, the cryptocurrency market shows a remarkable strength. Bitcoin recently rose past $ 104,000, with Ethereum also achieving strong profits. Data from analysis company Santiment show a growing number of crypto holders, now at 55 million for Bitcoin and 148 million for Ethereum, suggesting that an increased investor interest in digital assets during uncertain economic times.
This optimism is driven by a mix of global uncertainty and growing belief in crypto as a cover against traditional market instability.
Interest rates and the crypto -tree
Moreover, Trump’s aggressive urge for the Federal Reserve to reduce interest rates also affects the crypto. Historically, when interest rates fall, people often look for new places to invest their money and crypto becomes one of those options. With the inflation that is still hanging around and the worldwide tensions are rising, more investors see digital assets as a safe backup plan.
Although the prices jump up and down, the mood in the crypto world becomes more optimistic.