Bitcoin surged from $105K to $108K during U.S.-China trade talks in London
The post Bitcoin surged from $105K to $108K during U.S.-China trade talks in London appeared on BitcoinEthereumNews.com. Bitcoin jumped from $105,000 to $108,000 on Monday, according to data from CoinGecko, right as U.S. and Chinese officials kicked off face-to-face trade talks in London. While the crypto scene reacted fast, Wall Street climbed more cautiously. The S&P 500 rose 0.3%, the Nasdaq Composite went up by nearly 0.4%, and the Dow Jones Industrial Average added 106 points. Trump officials, including Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer, sat across from Chinese Vice Premier He Lifeng at Lancaster House, the site where Draghi made his 2012 euro pledge. The meeting came days after Donald Trump and Xi Jinping had a long phone call. A month ago, both sides agreed to slash some tariffs for 90 days to get trade talks moving. Monday’s sit-down was the first follow-up. It was about figuring out if China would reopen rare earth mineral exports and whether the U.S. would ease restrictions right after that. Kevin Hassett, head of Trump’s National Economic Council, said on CNBC, “The purpose of the meeting today is to make sure that they’re serious … to literally get handshakes … and get this thing behind us.” He also said the U.S. expects that “immediately after the handshake, any export controls from the U.S. will be eased, and the rare earths will be released in volume.” Chip stocks jump while Apple falls after WWDC On the tech side, traders bet big on semiconductors. Qualcomm soared over 4% after confirming it was buying chipmaker Alphawave for $2.4 billion. Shares of Advanced Micro Devices and Texas Instruments each gained more than 4%. Nvidia also edged higher. Investors pushed these names up as they’re seen as major winners if U.S.-China tensions drop. Larry Tentarelli, chief technical strategist at Blue Chip Daily Trend Report, said, “Investors are taking…
The post Bitcoin surged from $105K to $108K during U.S.-China trade talks in London appeared on BitcoinEthereumNews.com.
Bitcoin jumped from $105,000 to $108,000 on Monday, according to data from CoinGecko, right as U.S. and Chinese officials kicked off face-to-face trade talks in London. While the crypto scene reacted fast, Wall Street climbed more cautiously. The S&P 500 rose 0.3%, the Nasdaq Composite went up by nearly 0.4%, and the Dow Jones Industrial Average added 106 points. Trump officials, including Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and Trade Representative Jamieson Greer, sat across from Chinese Vice Premier He Lifeng at Lancaster House, the site where Draghi made his 2012 euro pledge. The meeting came days after Donald Trump and Xi Jinping had a long phone call. A month ago, both sides agreed to slash some tariffs for 90 days to get trade talks moving. Monday’s sit-down was the first follow-up. It was about figuring out if China would reopen rare earth mineral exports and whether the U.S. would ease restrictions right after that. Kevin Hassett, head of Trump’s National Economic Council, said on CNBC, “The purpose of the meeting today is to make sure that they’re serious … to literally get handshakes … and get this thing behind us.” He also said the U.S. expects that “immediately after the handshake, any export controls from the U.S. will be eased, and the rare earths will be released in volume.” Chip stocks jump while Apple falls after WWDC On the tech side, traders bet big on semiconductors. Qualcomm soared over 4% after confirming it was buying chipmaker Alphawave for $2.4 billion. Shares of Advanced Micro Devices and Texas Instruments each gained more than 4%. Nvidia also edged higher. Investors pushed these names up as they’re seen as major winners if U.S.-China tensions drop. Larry Tentarelli, chief technical strategist at Blue Chip Daily Trend Report, said, “Investors are taking…
What's Your Reaction?
