crypto Queen Abrash
06/10 00:43
Bitcoin (BTC) Price Soars Above $107K as US and Ch
Bitcoin (BTC) Price Soars Above $107K as US and China Resume Trade Talks in LondonBitcoin’s price tops $107K in a renewed bullish effort as US and China commence trade talks in London.
Bitcoin’s price has taken off in Europe’s afternoon trading session, pushing above $107,000 at the time of this writing.
The cryptocurrency was trading below $106,000 throughout the morning session but the bulls took control and pushed the price up, liquidating around $60 million worth of short positions in the past four hours alone.
As CryptoPotato reported on X, this coincided with another whale betting big on BTC on the popular decentralized exchange – Hyperliquid. The entity deposited over $5 million in USDC and instantly opened a long position with 20x leverage.
Of course, this probably doesn’t have much to do with the recent increase, which is likely connected to renewed expectations of a positive resolution between the US and China on tariffs.The delegations of both countries have arrived in London and are about to commence talks to stabilize the fragile trade truce, according to Walter Bloomberg on X. The US team is led by Treasury Secretary Scott Bessent, while the Chinese delegation is led by the Vice Premier He Lifeng.
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