Bitcoin points to USD $ 108,000 prior to negotiations between China and the US in London

By Hannah Pérez

Commercial conversations between the United States and China are resuming, a development that is having a positive impact on the cryptocurrency market on Monday.

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• The resumption of negotiations between the US and China positively impact Bitcoin.
• Bitcoin is around USD $ 107,000 after approaching USD $ 108,000 earlier on Monday.
• Commercial policy developments remain key to the evolution of the crypto market.

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The United States and China are ready to resume commercial talks in London in a geopolitical development that is positively impacting the cryptocurrency market on Monday.

President Donald Trump’s main commercial officials will meet with their Chinese counterparts in the United Kingdom capital this Monday for discussions around tariffs amid prolonged tensions and fears of a commercial war between the two greatest economies in the world.

The director of the National Economic Council of the United States, Kevin Hassett, said in the program «Squawk box” of CNBC What expects to be “A short meeting with a big and strong handshake“

“The purpose of today’s meeting is to make sure they are serious, but also literally strengthen our hand … and leave this behind“Hassett said, detailing that the United States seeks confirmation that China will restore critical mineral flows.

The United States team is led by the Treasury Secretary, Scott Besent, while the Chinese delegation is led by the Vice Prime Minister, He Lifeng.

The price of Bitcoin (BTC) arose to overcome the USD $ 107,900 on Monday morning (ET)after a turbulent week marked by tariff uncertainty, the expectations for cutting fees and fears about the increase in the national debt of the United States. A very public fight between Elon Musk and Trump contributed to agitation.

Bitcoin is around USD $ 107,000

Bitcoin It sank towards the USD $ 100,000 area last Thursday while the billionaire CEO of Tesla and President Trump threw public insults and threats on social networks.

The fight happened to a phone call between Trump and his Chinese counterpart, Xi Jinping, who had already negatively impacted Bitcoin at the beginning of the week. Trump had said last Monday to reach an agreement with the Chinese president was “difficult“The uncertainty about rates and the possibility of commercial friction between both powers pressed the market.

The estimates that the Big Beautiful Bill ‘Budget Budget bill, criticized by Musk, will add USD $ 3.8 billion to the national debt of the United States during the next decade, added to the cocktail that generated strong sales pressure to cryptocurrencies.

The flows of the funds quoted in the stock market (ETF) of Bitcoin In cash, they reflected the bearish action after closing on Friday in negative for USD $ 47.8 million. The ETF Bitcoin Americans now accumulate two weeks of net capital exits for a accumulated total of USD $ 286 million, according to calculations based on data from Sosovalue.

However, the rebound of Bitcoin This Monday seems to be a sign that the market is in the expectation of the conversation between China and the United States, with commercial developments marking the pattern.

“The signals of greater impulse in the conversations could give the markets a new impulse to start the week“said Kyle Rodda, a senior financial market analyst Capital.com to Reuterswhile he thought that “Commercial policy will continue to be the great macro uncertainty“

BTC changes hands around USD $ 107,600 at the time of writing these lines, 1.72% higher in 24 hours and 3.8% below its maximum historical price close to USD $ 112,000, conquered on May 22, according to Coinmarketcap.

The broader cryptocurrency market records profits in the period, with some Altcoins as Solarium (Sun) increasing 3.8% in the last 24 hours. The total market capitalization is 1.6% higher and is at USD $ 3.35 billion.

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Hannah Estefanía Pérez / Diariobitcoin

Image generated with AI tool, under free use license

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