cryptd.in

另类 LinkedIn 适合加密人才

Bitcoin Tapped $97K as US and China Plan High-level Trade Talks

Bitcoin prices reached an intraday and five-day high of $97,650 during early trading in Asia on Wednesday, May 7. The move has returned the asset to the same level it reached on May 2, where it hit resistance and retreated back below $94,000.

Today’s jump added almost $4,000 to BTC prices in around 12 hours, but the move could not be sustained as the asset fell back to $96,500 at the time of writing.

Nevertheless, Bitcoin remains up 2.3% on the day, and sentiment appears to be improving despite the Federal Reserve’s interest rate decision on May 7.

US-China Trade Talks

The move appears to have been driven by the United States and China reportedly planning high-level trade talks in Switzerland over the weekend.

Late Tuesday, May 6, China and the US announced plans for trade talks between Treasury Secretary Scott Bessent, Trade Representative Jamieson Greer, and Chinese Vice Premier He Lifeng in Geneva, 报告 the Associated Press on May 7.

“Thanks to POTUS, the world has been coming to the US, and China has been the missing piece—we will meet on Saturday and Sunday to discuss our shared interests,” said Bessent on X.

He added that the current tariffs and trade barriers are “unsustainable,” but we don’t want to “decouple,” we want fair trade.

The Chinese Commerce Ministry confirmed the trade talks between its vice premier and Bessent in Switzerland.

“The Chinese side carefully evaluated the information from the US side and decided to agree to have contact with the US side after fully considering global expectations, Chinese interests, and calls from US businesses and consumers,” said a ministry spokesperson.

Wendy Cutler, a former US trade official, said it is an “important opportunity to have initial talks on unwinding some tariffs, mapping out a path forward, as well as raising concerns,” cautioning that the process will take time.

The meeting comes amid growing US market concern over the impact of the trade tariffs on the prices and supply of consumer goods.

Consumers are hurt the most when import tariffs are imposed as the price of goods escalates, adding to economic woes and recession fears.

Elsewhere on Crypto Markets

比特币 and crypto markets have also been boosted by a weakening US dollar as the currency devaluation has accelerated over the past week or so. However, crypto market cap remains flat on the day at $3.08 trillion despite Bitcoin’s gains.

Ethereum climbed to an intraday high of $1,845, but it still faces heavy resistance at this level that it has not been able to overcome in the past fortnight.

The altcoins were seeing minor gains, with slightly better performance from Cardano, Chainlink, Bitcoin Cash, and Litecoin, which jumped 10%.

职位 Bitcoin Tapped $97K as US and China Plan High-level Trade Talks 首次出现在 加密土豆.


评论

发送留言

發佈留言必須填寫的電子郵件地址不會公開。 必填欄位標示為 *

最新信息

热门类别

搜索网站

热门故事

标签

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (373) #BitcoinETF (3) #itcoinFundamentals (1) # 比特币处理 (1) # 比特币价格 (5) # 比特币价格水平 (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #itcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTC 收购 (1) 1TP5 看涨预测 (1) #BullishSentiment (1) #C 中国矿业 (1) #CPIPreview (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (65) #ogecoinGains (1) #ogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #El萨尔瓦多比特币 (1) #E以太坊 (64) #EthereumPain (1) #E以太坊价格 (1) #ExpertOpinion (1) #FedRateCut (1) #FiatCurrency (1) #F 财务影响 (1) #F 财务隐私 (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #InflationData (1) #Investment (1) #InvestmentLoss (1) #JapaneseFirm (1) #L LegalAction (1) #L 法律影响 (1) #Legislation (1) #LightningNetwork (1) #M 市场分析 (3) #M 市场监测 (1) #M 市场预测 (1) #M 市场预测 (1) #M 市场投影 (1) #M 市场支持 (1) #M 市场波动性 (1) #M 婚姻 (1) #MemeCoin (5) #MemeCoins (2) #Miner 盈利能力 (1) #M 洗钱 (2) #MtGox (3) #朝鲜加密货币 (1) #诺沃格拉茨预测 (1) 1TP5价格里程碑 (1) #P 价格预测 (2) 1TP5价格问题 (1) #PriceSurge (1) #PrisonSentence (1) # 量化分析 (1) #R 监管压力 (1) #SECA Anti-Crypto (1) #ShibaInu (5) #SocialBuzz (1) #T 技术分析 (1) #Toncoin (3) #T 龙卷风现金 (3) #T 龙卷风现金发展项目 (1) #T 龙卷风现金开发者 (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

实用链接

我发现了一些有用的链接,希望与大家分享。