Bitcoin Jumps Amid Reports Of 90-Day US-China Tariff Truce
The post Bitcoin Jumps Amid Reports Of 90-Day US-China Tariff Truce appeared on BitcoinEthereumNews.com. Bitcoin is undergoing an unlikely Sunday Pump amid low trading volumes, hurtling toward the $120,000 mark. The surge comes amid reports of an imminent 90-day tariff truce between the US and China. Bitcoin Spikes To $119,000 As Global Crypto Market Cap Nears $4 Trillion CoinMarketCap data reveals that the Bitcoin price is in the green zone, surging by nearly 2% over the last 24 hours to trade at $119,380. According to the price aggregator, the largest cryptocurrency has spiked with daily trading volumes settling at $50 billion, an 8.72% decline in 24 hours. At current prices, Bitcoin is only 2.88% from its all-time high of $123,091 that it set on July 13. The latest price spurt comes as Bitcoin’s hashrate reached a new peak of 932 EH/s with network difficulty at 127.62T. Source: mempool.space Early in the day, Strategy’s Bitcoin buy signal may have stoked optimism for an incoming rally as a stream of institutional investors expresses a keen intention to accumulate the largest cryptocurrency. A glance at the charts reveals that Bitcoin’s price spurt is leaving a ripple effect across the cryptocurrency markets. BNB reached a new all-time high of $825 while Ethereum is trading well above the $3,825 mark. Ethereum CME futures open interest hit a record high of $7.85 billion amid a barrage of institutional interest. Meanwhile, the global cryptocurrency market capitalization is pegged at $3.94 trillion and is within touching distance of the $4 trillion mark, driven by Bitcoin. US-China Tariff Pause Fuels Price Hype According to a report by the South China Morning Post (SCMP), the US and China are nearing an agreement to extend their tariff truce by an additional 90 days. Delegations from both countries are set to meet in Stockholm to iron out the details of a protracted trade negotiation. SCMP reports…
The post Bitcoin Jumps Amid Reports Of 90-Day US-China Tariff Truce appeared on BitcoinEthereumNews.com.
Bitcoin is undergoing an unlikely Sunday Pump amid low trading volumes, hurtling toward the $120,000 mark. The surge comes amid reports of an imminent 90-day tariff truce between the US and China. Bitcoin Spikes To $119,000 As Global Crypto Market Cap Nears $4 Trillion CoinMarketCap data reveals that the Bitcoin price is in the green zone, surging by nearly 2% over the last 24 hours to trade at $119,380. According to the price aggregator, the largest cryptocurrency has spiked with daily trading volumes settling at $50 billion, an 8.72% decline in 24 hours. At current prices, Bitcoin is only 2.88% from its all-time high of $123,091 that it set on July 13. The latest price spurt comes as Bitcoin’s hashrate reached a new peak of 932 EH/s with network difficulty at 127.62T. Source: mempool.space Early in the day, Strategy’s Bitcoin buy signal may have stoked optimism for an incoming rally as a stream of institutional investors expresses a keen intention to accumulate the largest cryptocurrency. A glance at the charts reveals that Bitcoin’s price spurt is leaving a ripple effect across the cryptocurrency markets. BNB reached a new all-time high of $825 while Ethereum is trading well above the $3,825 mark. Ethereum CME futures open interest hit a record high of $7.85 billion amid a barrage of institutional interest. Meanwhile, the global cryptocurrency market capitalization is pegged at $3.94 trillion and is within touching distance of the $4 trillion mark, driven by Bitcoin. US-China Tariff Pause Fuels Price Hype According to a report by the South China Morning Post (SCMP), the US and China are nearing an agreement to extend their tariff truce by an additional 90 days. Delegations from both countries are set to meet in Stockholm to iron out the details of a protracted trade negotiation. SCMP reports…
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