Bitcoin\u2019s price seems to be on the verge of hitting the coveted $100K level ahead of this weekend\u2019s meeting between representatives of the United States and China.<\/p>\n
At the time of this writing, BTC\u2019s price is trading above $99,000, currently sitting in an area of considerable resistance, as seen in the chart below.<\/p>\n
<\/a>Source: TradingView<\/p>\n The cryptocurrency is up almost 3% on the day and around 5% on the week.<\/p>\n The derivatives market is also cooling down. Liquidations have decreased by more than 7% in the past 24 hours, currently standing just shy of $300 billion, predominently occupied by short positions, data from CoinGlass shows<\/a>.<\/p>\n Bitcoin\u2019s market dominance stands at 62% according to CoinGecko, while the overall market is now in a state of \u201cgreed.\u201d This signals a clear shift in sentiment in the past week.<\/p>\n It\u2019s safe to say that the latest moves in BTC are driven mostly by macroeconomic events.<\/p>\n As\u00a0CryptoPotato\u00a0<\/em>reported<\/a> yesterday, representatives of the United States and China are expected to meet this weekend. They will discuss a potential trade deal following escalated tentions following the recent threats of tariffs.<\/p>\n Additionally, the US Federal Reserve decided to maintain key interest rates at the same levels of 4.25% to 4.5% yesterday. Although Bitcoin initially declined<\/a> on the news, the losses have been erased as markets settled. It appears investors are positive on the news as the S&P 500 posted<\/a> the first positive day in three.<\/p>\n The post Bitcoin Price Eyes $100K Ahead of US-China Trade Talks<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s price seems to be on the verge of hitting the coveted $100K level ahead of this weekend\u2019s meeting between representatives of the United States and China. BTC Eyes $100K At the time of this writing, BTC\u2019s price is trading above $99,000, currently sitting in an area of considerable resistance, as seen in the chart […]<\/p>\n","protected":false},"author":0,"featured_media":64672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-64671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/64671"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64671"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/64671\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/64672"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}The Macro Shapes Bitcoin\u2019s Price<\/h2>\n
![<\/a>Source: TradingView<\/p>\nThe cryptocurrency is up almost 3% on the day and around 5% on the week.<\/p>\nThe derivatives market is also cooling down. Liquidations have decreased by more than 7% in the past 24 hours, currently standing just shy of $300 billion, predominently occupied by short positions, data from CoinGlass shows<\/a>.<\/p>\nBitcoin\u2019s market dominance stands at 62% according to CoinGecko, while the overall market is now in a state of \u201cgreed.\u201d This signals a clear shift in sentiment in the past week.<\/p>\nThe Macro Shapes Bitcoin\u2019s Price<\/h2>\nIt\u2019s safe to say that the latest moves in BTC are driven mostly by macroeconomic events.<\/p>\nAs\u00a0CryptoPotato\u00a0<\/em>reported<\/a> yesterday, representatives of the United States and China are expected to meet this weekend. They will discuss a potential trade deal following escalated tentions following the recent threats of tariffs.<\/p>\nAdditionally, the US Federal Reserve decided to maintain key interest rates at the same levels of 4.25% to 4.5% yesterday. Although Bitcoin initially declined<\/a> on the news, the losses have been erased as markets settled. It appears investors are positive on the news as the S&P 500 posted<\/a> the first positive day in three.<\/p>\nThe post Bitcoin Price Eyes $100K Ahead of US-China Trade Talks<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"Bitcoin\u2019s price seems to be on the verge of hitting the coveted $100K level ahead of this weekend\u2019s meeting between representatives of the United States and China. BTC Eyes $100K At the time of this writing, BTC\u2019s price is trading above $99,000, currently sitting in an area of considerable resistance, as seen in the chart […]<\/p>\n","protected":false},"author":0,"featured_media":64672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-64671","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/64671"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64671"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/64671\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/64672"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"http:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/05\/BTCUSD_2025-05-08_07-31-21.png\"){kind=link}