Bitcoin price is recovering from lows and surpassing $104,000 amid new trade talks between the US and China.
High-Stakes Trade Meeting in London
Top US and Chinese officials are set to meet on June 9 in London to discuss critical trade issues, including tariffs and technology exports. The talks will include US Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer.
While past discussions, such as those in Geneva, have led to a temporary easing of tariffs, deeper concerns persist. China remains frustrated by US policies limiting student visas and advising chipmakers to restrict business with Chinese firms.
Crypto Market Rises Amid Economic Uncertainty
Amid these tensions, the cryptocurrency market is showing notable strength. Bitcoin recently surged past $104,000, with Ethereum also holding strong gains. Data from analytics firm Santiment shows a growing number of crypto holders, now at 55 million for Bitcoin and 148 million for Ethereum, suggesting increased investor interest in digital assets during uncertain economic times.
Interest Rates and the Crypto Boom
Moreover, Trump’s aggressive push for the Federal Reserve to cut interest rates is also affecting crypto. Historically, when interest rates go down, people often look for new places to invest their money, and crypto becomes one of those options. With inflation still hanging around and global tensions rising, more investors see digital assets as a safe backup plan.
Even though prices jump up and down, the mood in the crypto world is getting more optimistic.
The cryptocurrency market, including Bitcoin and Ethereum, is rising amid US-China trade talks and the decline in interest rates, leading to increased investor interest.
