Bitcoin Surges Past $100K Amid US-China Trade Developments
- Bitcoin has surpassed the $100,000 mark and is trading around $104,000.
- The increase is attributed to reduced tariff tensions between the US and China.
- The Federal Reserve indicated readiness to cut rates without inflationary pressure.
- Bitcoin exchange balances are declining as investors store assets in cold wallets.
- The Bitcoin ETF market saw a net positive inflow of $920 million last week.
Bitcoin’s recent rise to over $100,000 is driven by easing US-China trade tensions and favorable economic signals from the Federal Reserve. This development has led to increased investor confidence and significant inflows into Bitcoin ETFs.
Source (2.6)https://www.newsbtc.com/news/best-altcoins-to-buy-as-bitcoin-nears-all-time-high-after-progressive-us-china-trade-talks/?rand=52377
