It recorded a 1.2% increase to $98,819 (approximately 14.26 million yen). About two hours ago, it rose to $99,386 and was trying to surpass the $100,000 mark.
The price rise is being analyzed on the expectation of trade talks between the United States and China scheduled for this weekend. Bitcoin hits psychological resistance
The cryptocurrency is attempting to break through the resistance zone, and technically it is in a clear resistance zone. The overheating in the derivatives market also seems to have calmed down a bit. According to CoinGlass, the liquidation volume in the past 24 hours was
The size of the liquidation fell by more than 7% to just under $300 billion, with most of the liquidation occurring in short positions.
Over the course of 24 hours, cryptocurrency trading volume increased by 25.62% to $104.07 billion.
The dominance of cryptocurrencies hit 64.2% and the overall cryptocurrency market sentiment entered the greed stage, suggesting a significant improvement in overall market investment sentiment compared to last week.
The recent rise in Bitcoin is being assessed as being entirely driven by macroeconomic events.
According to foreign media such as Cryptopotato, delegations from the United States and China are scheduled to meet this weekend for trade talks.
This is the first official contact since tensions between the two countries recently escalated over the threat of tariffs and could have an impact not only on future trade flows but also on global financial markets more broadly.
Meanwhile, the US Federal Reserve decided the previous day to freeze the base interest rate at the previous level of 4.25% to 4.5%. Immediately after this announcement, the price of Bitcoin temporarily fell, but
The market has since recovered rapidly and is continuing to show a positive trend. In particular, the S&P 500 index's successful rebound after three days is also seen to have had a positive effect on investor sentiment.
2025/05/08 16:30 KST
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