Bitcoin has recovered from its lowest levels during the day and exceeded a mark of $ 104,000 after the United States and China reached an agreement to launch a new round of commercial talks. US President Donald Trump and Chinese President Xi Jinping confirmed the news in a phone call earlier today. Trump said on Social truth The meeting will be fruitful and look forward to better results.
High risk commercial meeting in London
Senior US and Chinese officials are scheduled to meet on June 9 in London to discuss critical trade issues, including customs tariffs, technology exports and rare land materials. The talks will include US Treasury Secretary Scott Bessen, Trade Minister Howard Lottenic and Trade Representative Jameson Jarir.
While previous discussions, such as those in Geneva, have led to a temporary relief of customs tariffs, deeper fears are still in place. China is still frustrated by American policies that limit student visas and advice to chip makers to restrict business with Chinese companies. Beijing also accuses Washington of efforts to export the basic materials used in advanced technology.
The encryption market rises amid economic uncertainty
Amid these tensions, the cryptocurrency market shows a noticeable power. Bitcoin recently rose to $ 104,000, as Ethereum also got strong gains. Santiment Analysis Data shows an increasing number of encryption holders, and now at 55 million for Bitcoin and 148 million in favor of ETAREUM, indicating an increase in the investor’s interest in digital assets during unconfirmed economic times.
This optimism is driven by a mixture of global uncertainty and increasing belief in encryption as a hedge against instability in the traditional market.
Interest rates and encryption boom
Moreover, Trump’s aggressive push for the federal reserve to reduce interest rates also affects encryption. Historically, when interest rates decrease, people often search for new places to invest their money, and Crypto becomes one of these options. As inflation continues to rise in global tensions, more investors see digital assets as a safe backup plan.
Although the prices jump up and down, the mood in the world of encryption is increasingly optimistic.
