Bitcoin (BTC) remains steady, trading above 94,000 USD as anticipation grows over US-China trade negotiations. The CoinDesk 20 index has dipped by 1.5%, indicating a slight decline in major digital assets.
Nick Ruck from LVRG Research noted that while XRP and Bitcoin rebounded from previous tariff impacts, significant price movements are still awaited. The current US economic conditions have made investors cautious about cryptocurrencies.
Glassnode’s report states that Bitcoin faces resistance between 93,000 USD and 95,000 USD, marking a critical point for market momentum. Predictions suggest a 21% chance of a trade deal by June, alongside a strengthened yuan impacting liquidity.
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