Bitcoin (BTC) opened the floor of the negotiation week above $ 94,000 while the merchants waited for Beijing’s news about the progress of a commercial agreement with the United States
The Coendesk 20 (CD20), a measure of the performance of the main digital assets, decreased 1.5%, quoting below 2,700.
“XRP and Bitcoin recovered from the tariff shocks in April, but they have not yet made a significant movement up,” said Nick Ruck, director of LVRG Research, Coindesk in a telegram message. “Investors can be too cautious about risk assets such as cryptography due to the current macroeconomic climate of the United States, despite the fact that Bitcoin’s trend separated from his correlation with US actions.”
The main markets in Asia closed on Monday, with Hong Kong, Continental China, Japan and Corea closed, which led to the thin volumes of liquidity and trade.
A possible thaw in the US trade relations. – China dominated the macro holders. During the weekend, China’s Ministry of Commerce said he was reviewing an US proposal to resume negotiations, while President Trump hinted at Beijing “wanted to make an agreement.”
“We remain optimistic that cryptographic prices will increase to new long -term maximum as institutional adoption continues to deepen the releases and integrations with cryptographic platforms,” Ruck added.
However, the Polymarket tractors are skeptical, however, with the prediction markets that give a 21% chance of a commercial agreement in June, and a 47% chance that the White House decreases tariffs at the end of May.
Although the details were vague in this possible commercial agreement, the markets realized. The Chinese Yuan was strengthened up to a maximum of six months about ¥ 7.19, while the regional currencies recovered.
The outstanding move was the new Taiwan dollar (NTD), which increased to a maximum of two years around NT $ 29.6 per US dollar at the end of last week.
The peak was promoted for $ 1.4 billion (NT $ 42.9 billion) in entries of foreign shares and growing confidence in Taiwan’s technological sector after TSMC reported a 60% leap in quarterly gains. The Central Bank of Taiwan intervened to stop volatility, but denied political pressure, qualifying the market driven by the market.
Btc range tied?
The relative stagnation of BTC is that it meets significant resistance as it proves technical levels and in the key chain, according to a recent Glassnode report.
Bitcoin is struggling to break the range of $ 93,000- $ 95,000, an area aligned both with the cost of the short-term holder and with the 111-day mobile average, which marks a crucial battlefield for the impulse of the market, argues the report.
“These levels represent a critical turning point that must be maintained. The lack of stabilization above these levels would push the price to the consolidation range and return many investors to a state of loss not made significant,” says the report.
However, above $ 100,000, there is less pressure on the sales side due to a lower volume of coins in that range. If Bitcoin can exceed the resistance around $ 95,000- $ 98,000, could enter a relatively clear path towards a new price discovery and possibly a new historical maximum, the report added.
