Bitcoin Nears All-Time High Amid Positive US-China Talks
- Bitcoin surged to $104,900, approximately 4% below its all-time high.
- US-listed Bitcoin ETFs recorded over $1 billion in inflows, with BlackRock’s fund on a 19-day winning streak.
- Fed Chair Jerome Powell signaled potential interest rate cuts, supporting Bitcoin’s rise.
- Spot ETF flows remain strong, indicating real demand rather than speculative trading.
- New Bitcoin-centric firms are entering the market, enhancing corporate adoption.
Bitcoin’s recent surge to $104,900 was driven by positive US-China trade discussions and robust institutional inflows into US-listed Bitcoin ETFs. The Fed’s readiness to adjust interest rates further supported this upward momentum.
Source (2.6)https://cryptobriefing.com/bitcoin-nearing-highs-us-china-progress/?rand=59535
