| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107358.2400000000 |
| ETH | $2437.6700000000 |
| BNB | $649.9543600000 |
| XRP | $2.1865380000 |
| ADA | $0.5615574000 |
| SOL | $149.8602000000 |
| DOGE | $N/A |
| DOT | $3.4067100000 |
| LTC | $86.7477000000 |
| LINK | $13.4117300000 |
Category: CRYPTO NEWS
The post Bitcoin Surges On Positive Outlook Of U.S.-China Trade Talks appeared on BitcoinEthereumNews.com. Bitcoin trades at $96,437.16, up 1.42% daily, 22.56% monthly. U.S.-China trade negotiations, anticipated on May 10-11, generate confidence. Bitcoin breaks the descending channel, eyes $100,000 resistance. Bitcoin rose to $96,437.16 on May 7, 2025, a 1.42% rise in the last 24 hours and 22.56% in the last month. Optimistic expectations for high-level trade discussions between the U.S. and China set for the upcoming weekend have also given cryptocurrency momentum. The price rise comes as executives from both nations are reported to be meeting on Saturday and Sunday to discuss ongoing tariff rows. Those positive developments from these talks will also help to alleviate global economic tension, which could further add to the case for risk-on assets like Bitcoin. Source- X This week, the price of Bitcoin touched $97.8k earlier in the week, as a recent chart shared on X shows. On the Binance exchange, the chart has a one-hour timeframe, and Bitcoin is breaking out of a descending channel, which could mean more to come. Market participants are still looking at the $100,000 level, however, the current trading level is close to the all-time high. Trade Talks Drive Market Sentiment Interest in the planned US-China trade talks is running high on financial markets. The tariff war, which has shaken the world, is the aim of the talks to settle. The U.S. has put tariffs on Chinese goods that are 145 percent, and China has struck back with tariffs on U.S. exports of 125 percent. Positive outcomes could come from the talks, with the easing of trade barriers enabling a more stable economic environment. The stability often draws investors to invest more money into riskier assets such as cryptocurrencies. Bitcoin, a hedge against economic uncertainty, has benefited from the anticipation of lower global tensions. In response to market sentiment and speculation…
2025-05-08T02:43:07+00:00