On the eve of the China-U.S. trade negotiations, is the price of Bitcoin expected to break 100,000 dollars?

As the market's expectations for Bitcoin rise in recent times, especially with the upcoming US-China trade negotiations this weekend, there is widespread attention on whether the Bitcoin price can break through the 100,000 USD mark in the short term.

As of now, the trading price of Bitcoin has exceeded $99,500, just a step away from the coveted $100,000 mark! In the past 24 hours, Bitcoin has risen nearly 2.9%, and this week it has increased by 4.7%, bringing considerable confidence to the market.

It is worth noting that the derivatives market is also cooling down. According to Coinglass data, the liquidation amount in the past 24 hours has decreased by over 7%, currently maintaining around $300 billion, with short positions dominating the market trend. Additionally, Bitcoin's current market share has reached 65%, and the overall market sentiment has shifted from "fear" to "greed", which undoubtedly reflects a recovery in market confidence.

The main reason driving this trend of Bitcoin can be said to be influenced by macroeconomic factors. Foreign media reports that the meeting between representatives from China and the United States this week will discuss potential trade agreements, which will undoubtedly affect the trajectory of the global economy.

Meanwhile, the Federal Reserve announced its decision to maintain the benchmark interest rate between 4.25% and 4.5%. Although this news initially caused Bitcoin to slightly retreat, as the market gradually stabilized, the decline was essentially offset by today's upward trend, suggesting that investors are relatively optimistic about the future.

What impact do you think the China-US trade negotiations will have on Bitcoin? Do you really believe it can break through 100,000 dollars? Feel free to share your opinions in the comments!

#比特币 # China-US trade negotiations #cryptocurrency