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7 May | Bitcoin

Bitcoin gains ahead of US-China trade negotiations

BTCEUR
BTCUSD
Bitcoin gains ahead of US-China trade negotiations

On Wednesday, Bitcoin rose amid news of upcoming trade talks between the US and China. The flagship cryptocurrency hit $97,731, but its rally slowed afterward, according to Bloomberg.

US Treasury Secretary Scott Bessent and Trade Representative Jamison Greer are set to hold talks with Chinese officials in Switzerland. The news agency highlights that the upcoming negotiations have boosted market optimism about a potential easing in trade tensions between the world's two largest economies.

FalconX brokerage noted renewed interest in Bitcoin as markets anticipate positive outcomes from the trade talks. Meanwhile, investors are closely monitoring the Federal Reserve's interest rate decision, with the central bank's meeting scheduled for later Wednesday. Bloomberg analysts predict the US regulator will leave borrowing costs steady.

Elena Dorokhina MarketCheese

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