CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Crypto Potato 2025-05-08 04:45:38

Bitcoin Price Eyes $100K Ahead of US-China Trade Talks

Bitcoin’s price seems to be on the verge of hitting the coveted $100K level ahead of this weekend’s meeting between representatives of the United States and China. BTC Eyes $100K At the time of this writing, BTC’s price is trading above $99,000, currently sitting in an area of considerable resistance, as seen in the chart below. Source: TradingView The cryptocurrency is up almost 3% on the day and around 5% on the week. The derivatives market is also cooling down. Liquidations have decreased by more than 7% in the past 24 hours, currently standing just shy of $300 billion, predominently occupied by short positions, data from CoinGlass shows . Bitcoin’s market dominance stands at 62% according to CoinGecko, while the overall market is now in a state of “greed.” This signals a clear shift in sentiment in the past week. The Macro Shapes Bitcoin’s Price It’s safe to say that the latest moves in BTC are driven mostly by macroeconomic events. As CryptoPotato reported yesterday, representatives of the United States and China are expected to meet this weekend. They will discuss a potential trade deal following escalated tentions following the recent threats of tariffs. Additionally, the US Federal Reserve decided to maintain key interest rates at the same levels of 4.25% to 4.5% yesterday. Although Bitcoin initially declined on the news, the losses have been erased as markets settled. It appears investors are positive on the news as the S&P 500 posted the first positive day in three. The post Bitcoin Price Eyes $100K Ahead of US-China Trade Talks appeared first on CryptoPotato .

Feragatnameyi okuyun : Burada sunulan tüm içerikler web sitemiz, köprülü siteler, ilgili uygulamalar, forumlar, bloglar, sosyal medya hesapları ve diğer platformlar (“Site”), sadece üçüncü taraf kaynaklardan temin edilen genel bilgileriniz içindir. İçeriğimizle ilgili olarak, doğruluk ve güncellenmişlik dahil ancak bunlarla sınırlı olmamak üzere, hiçbir şekilde hiçbir garanti vermemekteyiz. Sağladığımız içeriğin hiçbir kısmı, herhangi bir amaç için özel bir güvene yönelik mali tavsiye, hukuki danışmanlık veya başka herhangi bir tavsiye formunu oluşturmaz. İçeriğimize herhangi bir kullanım veya güven, yalnızca kendi risk ve takdir yetkinizdedir. İçeriğinizi incelemeden önce kendi araştırmanızı yürütmeli, incelemeli, analiz etmeli ve doğrulamalısınız. Ticaret büyük kayıplara yol açabilecek yüksek riskli bir faaliyettir, bu nedenle herhangi bir karar vermeden önce mali danışmanınıza danışın. Sitemizde hiçbir içerik bir teklif veya teklif anlamına gelmez