Recent developments in international trade could have a significant impact on financial markets, including the cryptocurrency market. Analysts and experts offer their speculations on how the US-China trade deal could impact Bitcoin.
Bitcoin’s April Rise
Bitcoin performed impressively in April, outperforming stocks and holding strong during the stock market sell-off following Trump’s tariff announcement. After falling to $75,000 on April 7, it rose about 27% to close the month at around $95,000. While the S&P 500 and Nasdaq declined, Bitcoin showed resilience and even growth.
Analyst Expectations
Some analysts believe that if the trade deal is confirmed, Bitcoin should stop outperforming traditional assets. However, there are those who believe that the conclusion of the deal and the reduction in interest rates could lead to an increase in the Bitcoin price.
Jeff May, for example, believes that institutional investors are becoming less wary of investing in Bitcoin. This may indicate that large players are becoming increasingly interested in the cryptocurrency.
Expert opinions
Jupiter Zheng believes that the trade deal could signal stability in global markets and encourage investors to look for new growth opportunities. However, Will Clemente notes that only a convincing announcement of the deal can keep Bitcoin’s momentum high.
Experts continue to monitor the situation and express their assumptions about how the US-China trade deal will affect the cryptocurrency market. Investors and traders should take these opinions into account when deciding whether to invest in Bitcoin and other cryptocurrencies.
