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Bitcoin is growing amid the trade dialogue between China and the United States

Mai, 02 2025
watermark Economic news

On Friday, bitcoin rose to $96,577, with an intraday high of $97,226.1. The growth of the cryptocurrency occurred against the background of increased interest in risky assets after China announced its readiness for trade negotiations with the United States.


Bitcoin was supported by the actions of Strategy, which announced a $21 billion share issue, despite its fifth consecutive quarterly loss. The rest of the cryptocurrencies also showed growth, reflecting the general optimism of the markets, although its scale remained limited due to the weakening of the April rally.


The Chinese Ministry of Commerce's statement on the dialogue with the United States has raised hopes for progress in resolving the conflict between the world's largest economies. However, Beijing recalled that the success of the negotiations depends on a reduction in tariffs from Washington.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.