Editor's PiCK
"Will the US-China Trade Talks Succeed?"... Bitcoin Rises 2.69% Intraday as Investor Sentiment Recovers
Summary
- Bitcoin showed a 2.59% intraday rise, boosted by news of US-China trade talks.
- It is analyzed that the possibility of negotiations between the United States and China has recovered investor sentiment, promoting Bitcoin purchases.
- Sean McNulty stated that interest in Bitcoin has risen again.
The leading virtual asset (cryptocurrency), Bitcoin (BTC), is on the rise. It is analyzed that investor sentiment has recovered due to the news that the United States and China, which have been in conflict over tariffs, will enter into negotiations.
As of 11:48 AM on the 7th (Korean time), Bitcoin is trading at $96,674, up 2.59% from the previous day according to CoinMarketCap.
The rise in Bitcoin on this day was driven by the possibility of tariff negotiations between the United States and China. Previously, the US Treasury Department announced that Treasury Secretary Scott Besant would meet with China's top economic envoy in Switzerland on the 8th. The Chinese Ministry of Commerce also confirmed that it would proceed with trade negotiations with the United States.
Bloomberg News analyzed that the news of negotiations between the United States and China led to a buying spree among investors. Sean McNulty, head of derivatives trading at FalconX, explained, "The market seems to be positively optimistic about the negotiations over the weekend," adding that "interest in Bitcoin has risen again."
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
