US President Trump announced a trade agreement with the UK and hinted that tariffs on Chinese goods might decrease if upcoming negotiations progress smoothly, causing risk assets to rise comprehensively. Bit rose from 96K in yesterday's morning trading to a new high of $104,145 since February this year. ETH returned to the $2,000 mark, with a 24-hour increase of nearly 20%.
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ToggleTariff Hopes Boost, US Stock Indices Rebound
Benefiting from the new trade agreement between the US and UK, US President Trump again sounded optimistic, stating that positive trade news and the Republican Party's efforts to extend and expand their signature tax reduction policy should be reasons for investor optimism.
US Treasury Secretary Besent and US Trade Representative Jamieson Greer will hold talks with Chinese Vice Premier He Lifeng on trade issues in Switzerland in the coming days. Trump stated that if negotiations progress smoothly, he might consider reducing the 145% tariffs on various Chinese goods.
Driven by tariff hope prospects, US stock indices rebounded.
BTC 104K, ETH Returns to Two Thousand, Network-wide Liquidation Nears Ten Billion
BTC rose from 96K in yesterday's morning trading to a new high of $104,145 since February this year, just a step away from January's historical peak of $109,588. BitMEX founder Arthur Hayes suggested that BTC will reach the $150,000 mark by month-end.
ETH returned to the $2,000 mark, reporting at $2,181 before deadline, with a 24-hour increase of nearly 20%.
Top ten cryptocurrencies generally rose, with the Coinglass Fear and Greed Index reaching a greedy level of 65. Within 24 hours, positions totaling $960 million were liquidated, with BTC at $420 million and ETH at $300 million.
Risk Warning
Cryptocurrency investment carries high risk, and prices may fluctuate dramatically. You may lose all your principal. Please carefully assess the risks.
