Bitcoin Momentum Stalls Ahead of Busy Macro Week, Potential Trade Deals
The post Bitcoin Momentum Stalls Ahead of Busy Macro Week, Potential Trade Deals appeared on BitcoinEthereumNews.com. In brief Bitcoin hovered around $95,000 for much of the day. Ethereum and Solana were down slightly. Key reports on the jobs market and inflation are due out on Tuesday. The price of Bitcoin hovered around $95,000 on Monday, as investors looked for signs of progress on trade negotiations ahead of key data releases this week, which may show how U.S. President Donald Trump’s tariffs are affecting inflation and the economy. The largest cryptocurrency by market capitalization was recently trading hands around $94,800, a 0.4% increase over the past 24 hours, according to crypto data provider CoinGecko. Most altcoins showed slight losses, with Ethereum and Solana sliding 0.5% and 1% to $1,800 and $149, respectively. In an interview with Fox News, U.S. Treasury Scott Bessent said on Monday that the administration is still working on “bespoke” deals with 18 of the U.S.’s most important trading partners. At the same time, he said the next move belonged to China. “We will see what happens with China,” he said. “I think it’s unsustainable for the Chinese side, so maybe they’ll call me one day.” Last week, Trump said that he’s spoken several times with Chinese President Xi Jinping since he unveiled sweeping levies on nearly every nation earlier this month. At a press conference on Monday, however, Chinese Foreign Ministry spokesman Guo Jiakun said “China and the U.S. are not engaged in any consultation or negotiation on tariffs,” per CNBC. Although the U.S. announced a 90-day pause on implementing Trump’s “reciprocal” tariffs several weeks ago, how business and consumers are reacting to the prospect of higher input costs could manifest itself in macroeconomic data before all levies take effect. Economists expect the U.S. Bureau of Labor Statistics to say that job openings decreased in March on Tuesday, per Trading Economics. Inflation,…
The post Bitcoin Momentum Stalls Ahead of Busy Macro Week, Potential Trade Deals appeared on BitcoinEthereumNews.com.
In brief Bitcoin hovered around $95,000 for much of the day. Ethereum and Solana were down slightly. Key reports on the jobs market and inflation are due out on Tuesday. The price of Bitcoin hovered around $95,000 on Monday, as investors looked for signs of progress on trade negotiations ahead of key data releases this week, which may show how U.S. President Donald Trump’s tariffs are affecting inflation and the economy. The largest cryptocurrency by market capitalization was recently trading hands around $94,800, a 0.4% increase over the past 24 hours, according to crypto data provider CoinGecko. Most altcoins showed slight losses, with Ethereum and Solana sliding 0.5% and 1% to $1,800 and $149, respectively. In an interview with Fox News, U.S. Treasury Scott Bessent said on Monday that the administration is still working on “bespoke” deals with 18 of the U.S.’s most important trading partners. At the same time, he said the next move belonged to China. “We will see what happens with China,” he said. “I think it’s unsustainable for the Chinese side, so maybe they’ll call me one day.” Last week, Trump said that he’s spoken several times with Chinese President Xi Jinping since he unveiled sweeping levies on nearly every nation earlier this month. At a press conference on Monday, however, Chinese Foreign Ministry spokesman Guo Jiakun said “China and the U.S. are not engaged in any consultation or negotiation on tariffs,” per CNBC. Although the U.S. announced a 90-day pause on implementing Trump’s “reciprocal” tariffs several weeks ago, how business and consumers are reacting to the prospect of higher input costs could manifest itself in macroeconomic data before all levies take effect. Economists expect the U.S. Bureau of Labor Statistics to say that job openings decreased in March on Tuesday, per Trading Economics. Inflation,…
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