- US-China feature significant market impact. Treasury confirmed progress.
- Bitcoin rose 3.5%, hits $68,500 after trade talks.
- Asian capital flows into crypto signals bullish sentiment.
The progression in US-China trade talks on May 12 has pushed Bitcoin beyond $105,000, indicating strong market reactions and renewed investor confidence amid macroeconomic shifts.
Scott Bessent and President Donald Trump led high-level discussions in Geneva, confirming advancements in trade negotiations. Bitcoin surged 3.5% to $68,500, reflecting strong market response to these developments.
Scott Bessent, Treasury Secretary, U.S. Department of the Treasury, confirmed, “The progress made in our trade talks with China represents a significant step forward in stabilizing the economic landscape.”
Asian market participants responded swiftly, increasing BTC wallet activity by 15%. This indicates a potential capital flight from China into cryptocurrencies, serving as a macroeconomic hedge.
Financial markets reacted positively; trading volumes on Binance surged by 22%, and crypto-related equities like Coinbase rose 4.1%. This highlights the broader institutional interest in digital assets.
Historical data suggest that relief from tariffs often triggers an upswing in digital assets due to increased global liquidity. Market observers anticipate further volatility with the complete disclosure of trade deal details.
Given these developments, analysts project ongoing positive sentiment in the crypto market. This evolution aligns with Daan Crypto’s insights and past patterns, where trade negotiations influence both crypto and traditional financial landscapes.
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