Trade conflicts between China and the U.S. continue to create global uncertainty, fostering increasing interest in Bitcoin.
Ongoing Trade Conflicts
Trade negotiations between the U.S. and China are at an impasse, despite China's efforts to reach an agreement. A recent meeting between the EU Trade Chief and the U.S. Secretary of Commerce yielded no significant results.
Market Anxiety Continues to Rise
Uncertainty in trade relations is negatively affecting investor confidence, particularly in major U.S. and European exchanges. JPMorgan CEO Jamie Dimon emphasized that constructive dialogue with China is necessary.
Capital Flows to Bitcoin
Recent data shows that institutional investors have begun shifting capital towards the cryptocurrency market, positively impacting Bitcoin. Over $467 million of BTC has been withdrawn from exchanges in the past 24 hours. However, the market lacks intense speculation.
Amid global trade conflicts, Bitcoin continues to strengthen its position as a safe asset, attracting the attention of institutional investors.
