Bitcoin (BTC), with the increase in optimistic expectations of the US global trade agreements, made a rapid rise on the first day of the week. According to CoinMarketcap data, Bitcoin traded at about 84 thousand dollars in the early hours of the day, raising rapidly at the following hours exceeded $ 87 thousand and gained 2.1 percent during the day. This movement has positively affected the prices of many leading Altcoin, led to a slight optimism throughout the crypto currency market.
Bitcoin started to move towards $ 90 thousand
Last week, it was quite turbulent for Bitcoin. CoinMarketcap’s weekly data shows that the largest crypto currency is difficult to exceed 86 thousand dollars and the price fell to $ 83 thousand 200 at a point. However, especially at the end of the week, positive developments Bitcoin priceHe carried it up.
With this rise, the effects of the hard decline at the beginning of the month began to be erased. Bitcoin, US President Donald TrumpAt least 104 percent of the Chinese goods applied to Chinese goods with the effect of additional customs duties declined to 75 thousand dollars. With Trump’s latest statements, expectations that the trade war could be alleviated increased the morale of investors.
Trump, the White House began re -tariff negotiations with China, stating that he gave hope. According to experts trade war Decreased concerns can pave the way for a new wave of rise in the crypto currency market. It is stated that this is critical for Bitcoin and price movements may vary depending on these negotiations.
As one of the main reasons for this sudden rise of Bitcoin, Japan -based public company Metaplanetshowing the new Bitcoin purchase of the new Bitcoin. CEO of the company Simon Gerovichtoday announced that they have received more BTC. In addition, the crypto currency research company 10x Research claimed that Bitcoin could be prepared for a big rise in a short time. According to the company BTC priceThe downward compression model formed in the n.
Altcoins won value by following Bitcoin
Bitcoin’s rise, Ethereum (ETH), XRP And Bnb It also affected other major Altcoins. Ethereum rose by 1.4 percent during the day, while XRP gained 1.5 percent. Popular memecoin Dogcoin (Doge) and BNB increased by about 1.4 percent, CARDANO (Island) rose around 1 percent. However Solana (Left) could not catch the small rally captured by other Altcoins.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
