Bitcoin price is 100 thousand dollars before commercial talks between the United States and China

The price of Bitcoin appears about to hit the level of 100 thousand dollars before the end of this week between the representatives of the United States and China.

BTC eyes 100 thousand dollars

At the time of this report, the BTC price is traded above $ 99,000, and is currently sitting in a large resistance area, as shown in the graph below.

The cryptocurrency increased by approximately 3 % a day and about 5 % per week.

The derivative market also calms down. The rank has decreased by more than 7 % in the past 24 hours, currently stands from only 300 billion dollars, and is mostly occupied by short jobs, and data from Coinglass He appears.

The dominance of the Bitcoin market is 62 %, according to Coingecko, while the total market is now in a state of “greed”. This indicates a clear shift in feelings last week.

Macro is bitcoin price

It is safe to say that the latest moves in BTC are often driven by macroeconomic events.

like Cryptopotato Yesterday, it is expected that the representatives of the United States and China will meet this week. They will discuss a possible trade deal after the escalating claws after the recent threats of tariffs.

In addition, the American Federal Reserve decided to maintain the main interest rates at the same levels from 4.25 % to 4.5 % yesterday. Although Bitcoin initially decreased on the news, the losses were erased with the leveling of the markets. It seems that investors are positive in news such as S&P 500 to publish The first positive day in three.