There is agreement between the United States and China! What will happen to Bitcoin?
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In the next few hours there would be official communications.
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Bitcoin could mark new maximums or have corrections, depending on what is reported.
The United States and China reached a preliminary consensus after two days of intense commercial negotiations in London, the United Kingdom, establishing a framework to reactivate trade between the two nations, according to officials of both countries.
The agreement, which still requires the approval of Presidents Donald Trump and Xi Jinping, seeks to implement the Geneva consensus, reached last month to reduce tariffs. Delegations brought the proposal to their respective leadersand official communications are expected in the next few hours.
The United States Secretary of Commerce, Howard Lutnick, said the conversations, which extended for about 20 hours, made progress on complex issues. For example, China promised to accelerate the shipments of rare earth metals, essential for US automotive and defense industries, While Washington agreed to relieve certain export controlsBloomberg reports.
The negotiations, described as deep and sincere by the main Chinese negotiator, Li Chenggang, were carried out in Lancaster House, a Georgian mansion near Buckingham Palace.
Despite the positive tone, the details of the agreement are limited, and its final approval is not guaranteed. This panorama generates caution among investorswho feared an economic decoupling between the two largest world powers.
The market reaction was moderate. The futures of US actions recorded falls, while Yuan showed few changes. In China, the reference stock index closed with a 0.8%increase, its highest gain in almost a month.
For its part, Bitcoin experienced reduced volatility. On Tuesday, the digital currency reached $ 110,000, and then correct at $ 109,300 and return briefly at $ 110,000.
In the early hours of this Wednesday, the price of BTC has ranged between 109,300 and 109,600 dollars, reflecting the uncertainty prior to the official announcement of the agreement, as seen in this tradingView graph.
Bitcoin’s behavior responds to its sensitivity to macroeconomic and geopolitical events, a trend observed in recent months, as has reported cryptootics. If Trump and XI approve the agreement, It is likely that The currency experiences a significant risepotentially reaching new historical maximums, above the USD 112,000.
This is so since an environment of greater commercial stability and cooperation between both nations I could promote investor trustfavoring risk assets such as bitcoin.
On the contrary, if the agreement fails (or does not meet the expectations of investors), the market could interpret this as an increase in tensions, which would lead to important correction in the price of the currency.
Uncertainty persists, since the result depends on the final decision of Trump and XI. While the markets await official communications, Bitcoin remains in a narrow range, reflecting caution.
The next hours will be key to determining whether this agreement marks a turning point for commercial relations between the United States and China, and for the future of Bitcoin in a global economic context.
