The highly anticipated American China trade talks have started today in Geneva, Switzerland. However, the two parties have not yet concluded an agreement and the talks will continue tomorrow. Meanwhile, crypto market players are waiting on the sidelines in the hope that the two largest economies will finally resolve this current trade war, which would allow a major boost for Bitcoin and other cryptographic assets.
Interviews in the US trade war under way to continue tomorrow
According to A WSJ reportTrade talks between us and Chinese officials ended on Saturday, and they should continue tomorrow. The US Treasury Scott Bessent and the US trade representative Jamieson Greer led talks for the United States, which lasted at least eight hours but ended without an announced agreement.
Before the meeting, American president Donald Trump had shown in good faith by suggesting a drop in prices on Chinese goods at 80%. Trump started the current trade war in American China when he imposed a 145% rate on certain Chinese products. In retaliation, China imposed a 125% rate on American goods.
This trade war had a negative impact on the cryptography market, the Bitcoin price has already fallen at $ 76,000 when it started in April. Although BTC and the wider cryptography market have since rebounded, analysts like Fefe have suggested that a regulation between the two parties could push the market for cryptography.
Current BTC price action
The flagship crypto fell from its intra-day summit of $ 104,065 in the middle of the meeting between the United States and China. Market players seek to wait for the touch, because the outcome of the US talks of the China Trade War tomorrow could determine the next BTC decision.
Crypto Rekt Capital analyst commented Bitcoin's rejection at $ 104,000, indicating that everything was part of the plan to reach a new summit of all time. The analyst said the BTC must maintain the beach between $ 97,000 and $ 99,000 in support. Rekt Capital provides that the flagship crypto would come together to new summits if it is above this support.
The Bitcoin Prize has again reached the resistance of $ 104,000 following Donald Trump's truth of truth on the United States war talks in China. Trump said they had a very good meeting with China. He said,
A very good meeting today with China, Switzerland. Many things discussed, a lot accepted. A total reset negotiated in a friendly but constructive way. We want to see, for the good of China and the United States, an opening of China for American affairs. Great progress made !!!
Boluwatife Adeyemi
Boluwatifone Adeyemi is a writer and publisher of new experienced crypto who has covered subjects that have crossed several subjects and niches. Boluwatife has the talent to simplify the most technical concepts and facilitate understanding of cryptographic beginners. Far from writing, he is a passionate basketball lover, a traveler and a part-time dengen.
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.
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