The Bitcoin price has increased to $ 96,500 after confirmation that China and the United States will resume official commercial negotiations this week. This marks the first direct commitment between the two governments since President Donald Trump returned to office in January and introduced new prices on Chinese products.
Cryptographic markets responded immediately after the announcement. The price of Bitcoin increased by more than $ 1,700 in 10 minutes, while other cryptocurrencies also recorded gains.
The price of XRP increased by $ 2.15 by $ 2.15, the Cardano price increased by $ 3% to $ 0.679, and the Dogecoin price increased by 1.5% to $ 0.1721. Analysts have attributed the increase in the growing confidence of investors that tensions between the two economic powers could facilitate.
China confirms the restart of American commercial talks
US and Chinese trade officials are expected to meet in Switzerland later this week. The discussions aim to reopen formal economic dialogue after months of increasing price conflicts. The two nations published official statements confirming the meeting.
The Secretary in the United States of the Treasury Scott Bessent and the US trade representative Jamieson Greer will direct the American delegation. The Chinese Foreign Ministry has announced that the Deputy Prime Minister, He Lifeng, will represent Beijing. He is the Chinese-United States Head of Trade Relations.
“The Deputy Prime Minister will hold a meeting with the US Treasury Secretary Scott Bessent to discuss trade issues,” said a spokesman for the Chinese Foreign Ministry. The office of the American commercial representative also confirmed that Greer will meet his Chinese counterpart to continue discussions on issues related to trade.
This is news, please check to find out more
Kelvin Munene Murithi
Kelvin is a distinguished writer with an expertise in crypto and finance, holder of a baccalaureate in actuarial science. Known for its incisive analysis and its insightful content, it has a strong mastery of English and excels in carrying out in-depth research and the dissemination of appropriate updates of the cryptocurrency market.
Warning: The content presented may include the author's personal opinion and is subject to the market state. Do your market studies before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
✓ Share: