US-China Resume Trade Negotiations in London
Trump: "Positive Report... Call Coming Soon"
BTC Breaks Through $110,000... Altcoins Surge
Afternoon Market Adjusts Morning Rebound
Bitcoin (BTC) broke through $110,000 on the news of US-China trade negotiations resuming, once again bringing the all-time high within reach. Bitcoin's previous high was $110,872 recorded on May 22nd.
The United States and China sent high-level officials to resume trade negotiations in London. Kevin Hassett, Chairman of the White House National Economic Council, stated that they are discussing China resuming rare earth exports to the US and expanding China's access to US semiconductors.
President Trump said, "We are doing well with China" and "It's not easy, but they are doing very well." He added, "They are there (in London), and all the reports I'm receiving are positive" and "It's a bit early, but a call will come soon."
With the news of negotiations between the two countries, which were at the center of global trade tensions, market anxiety eased, causing a surge in the cryptocurrency market, including Bitcoin. Bitcoin jumped 4% in the morning, breaking through $110,000 for the first time in three weeks, and many altcoins rose by more than 5%.
In the afternoon, the cryptocurrency market slightly declined, adjusting from the morning's surge.
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