"Bitcoin stabilized near $113,000 today after two consecutive days of decline, attempting to find footing as short-term traders reassess the balance between fading leverage and improving sentiment in broader risk markets. This stabilization may offer a glimpse of recovery potential, yet it remains fragile and conditional on the persistence of supportive macro drivers. Fundamentally, the combination of improving broader stock market sentiment, renewed trade optimism between the United States and China, and recovering inflows into Bitcoin exchange-traded funds could help restore market confidence."
"The optimism was reinforced by progress in U.S.-China trade talks. As reported by The Wall Street Journal, both nations are nearing an agreement that could lead to Washington reducing its 20% tariffs on Chinese goods by up to half, in exchange for Beijing tightening controls over exports of fentanyl precursor chemicals. President Trump and President Xi Jinping are expected to discuss the deal during their meeting in South Korea, following months of negotiations led by Treasury Secretary Sc"
Bitcoin stabilized near $113,000 after two consecutive days of decline as short-term traders reassess fading leverage versus improving sentiment in broader risk markets. The stabilization may indicate limited recovery potential but remains fragile and conditional on persistent supportive macro drivers. Improving broader stock-market sentiment, renewed U.S.–China trade optimism, and recovering inflows into Bitcoin exchange-traded funds could help restore market confidence. Continued weakness in spot bitcoin accumulation and elevated liquidation levels in futures markets suggest any rebound might be technical rather than structural. Global equity strength has been driven by strong corporate earnings, revived trade confidence, and high-value mergers, with potential tariff reductions linked to export controls.
Read at London Business News | Londonlovesbusiness.com
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