Bitcoin is watching horizontally, Altcoins rise with US-China trade optimism
Bitcoin, after the rise of Tuesday, Wednesday morning at $ 109,600 level began. The US and China's reconciliation on the new trade framework were welcomed in the market. Ethereum, Solana, Cardano and other subcoins gain value, while investors are waiting for the CPI data to be announced.
Although the crypto markets made a moving start next week, Bitcoin entered a horizontal view of Wednesday morning. BTC is trading at $ 109,600 today after the harsh rise on Tuesday. Investors are waiting for the details of the new trade framework announced between the USA and China, and are cautious before the US inflation data (CPI).
📉 Bitcoin is consolidated: close to a record level but cautious
BTC, yesterday, after the rise of 2.3 %today, returning to quiet travel today is traded around 109.559 dollars. This price is very close to the highest level of $ 112,000 in May (AC). However, the general expectation in the market is that this record will not be broken immediately.
Bitcoin’s latest rise was triggered by reports that the risk appetite in global markets increased and progress in trade negotiations between the US and China.
📜 US-China Trade Framework: Indirect Support to Cryptos
The US and Chinese officials announced that they agreed on the framework of a comprehensive trade agreement aimed at revitalizing the Geneva Agreements. In this context:
Export restrictions on China on rare soil elements and magnets will be removed
The US’s controls for semiconductor and advanced technology export will be loosened
US Commercial Minister Howard Lutnick described the agreement as a framework that yaklaşı adding meat details to previous agreements ”. However, in order for the agreement to finalize, both President Donald Trump and Chinese President Xi Jinping must be approved.
Therefore, markets are cautious for now. The upward acceleration of Bitcoin may be limited until the final details of the agreement are announced.
🪙 Comprehensive rise in subcoins
Trade optimism and increasing institutional demand for Ethereum have created a positive atmosphere in the Altcoin market. In the second half of the week, the prominent price movements in the crypto market are as follows:
Ethereum (ETH): $ 2,783.94 - 4.6 %increase
XRP: $ 2.29 - 0.6 %increase
Solana (left): $ 166.39 - 4.7 %increase
CARDANO (island): $ 0.721 - 3.0 %increase
Polygon (MATIC): $ 1.12 - 4.5 %increase
Dogecoin (Doge): $ 0.198 - 3.5 %increase
$ Trump: $ 0.81 - 2.2 %increase
In particular, the rise of Ethereum was supported by ETF interest and the agenda of the tokecination. Today’s rise shows that this trend is still going on.
🧮 Eyes in CPI data: What will happen to the Fed’s route?
The CPI (CPI) data, which will be announced in the US today, is important not only for crypto but also for all financial markets. An inflation less than expectations:
It may increase the possibility of Fed’s interest rate reduction
This can be positive for risky assets, especially for limited desirable digital assets such as Bitcoin.
However, if the data comes high, the Fed is expected to maintain its strict posture, which may cause fluctuating in the markets in the short term.
📌 Summary: Balanced course in uncertainty
Bitcoin is consolidated at $ 109,600 after Tuesday’s rally
The US-China Trade Framework had an indirect positive effect on the crypto market
Altcoins show a strong rise under the leadership of Ethereum
CPI data can determine the direction of the market in the coming days
Crypto markets are trying to balance between short -term rally and medium -term macroeconomic risks. The data to be announced this week and geopolitical developments will determine the course of the market as you enter the summer months.