In the past week, global geopolitical events impacted the cryptocurrency market. Key points include the US-China trade agreement that affected Bitcoin prices.
US-China Trade Deal
At the beginning of the week, a significant meeting took place between representatives of the US and China in London to discuss the terms of a trade agreement. The US President announced that an agreement had been reached, which is set to be signed by him and Chinese President Xi Jinping.
Cryptocurrency Market: Fluctuations and Achievements
Bitcoin's price opened the trading week around $105,500, quickly gaining traction and approaching nearly $110,500. However, despite positive updates from Trump and improved CPI data, Bitcoin's price started to decline. By Friday, it dropped to under $103,000 before recovering to around $105,000. Over the week, the cryptocurrency HYPE showed a remarkable gain of 15.5%.
Crypto News
In addition, news regarding the growing interest in Bitcoin ETFs emerged, as well as records set by BlackRock in assets. Furthermore, Circle's USDC stablecoin launched on the XRP Ledger. Michael Saylor's company acquired $110 million worth of Bitcoin, while Mercurity Fintech announced plans to raise $800 million for its strategic Bitcoin treasury reserve.
Thus, the current week in the cryptocurrency space was marked by significant events, including global geopolitical changes and achievements of specific cryptocurrencies like HYPE.
