The cryptocurrency market is experiencing positive changes amid ongoing US-China trade talks, providing new momentum for Bitcoin.
Trade Talks Renew Risk Appetite
Trade negotiations between the US and China resumed following six hours of closed-door discussions. Key topics included rare earth mineral exports and technology trade restrictions. US President Donald Trump struck an optimistic tone, stating he received 'good reports' from the negotiating team, but added that 'China's not easy.'
Market and Technical Breakout for Bitcoin
Bitcoin's rally builds on support from the $104,000–$105,000 range, with the recent surge clearing key resistance formed in late May. A spike in trading volume—up over 44% in the past 24 hours—indicates renewed market interest. This breakout could lead to testing the next psychological milestone at $110,000.
Optimism in Global Markets
Despite silence from the Chinese delegation led by Vice Premier He Lifeng, the overall tone from US officials has been enough to inject optimism into global markets. Bitcoin has acted as a leading barometer for investor sentiment in uncertain times.
Optimism in US-China trade negotiations continues to support Bitcoin's growth, which may reach new heights if the market maintains its positive trajectory.
