Bitcoin is closing in on a new high, buoyed by renewed optimism that the United States and China have reached a final agreement on their long-awaited trade deal. The world’s largest trading economies have nearly completed their trade agreement, according to a post by US President Donald Trump.
The Bitcoin-Dollar pair plummeted 1.2% in the last session. The CCI is giving a positive signal.
Support: 106112 | Resistance: 111662
Gold prices edged lower as traders closely monitored U.S.-China talks, the outcome of which could simmer down trade tensions and boost the global economy, lessening demand for safe-haven assets, while a rising U.S. dollar added pressure.
The Gold-Dollar price remained largely unchanged in the last session. The Stochastic-RSI indicates an overbought market.
Support: 3256 | Resistance: 3397.5
The U.S. dollar was little changed to marginally lower, consolidating recent gains, as talks between Beijing and Washington continued for a second day amid expectations of a trade deal that could further ease trade tensions.
BlackRock’s spot Bitcoin exchange-traded fund has become the fastest ETF in history to surpass $70 billion in assets under management. BlackRock’s Bitcoin ETF milestone came shortly after the fund wrapped up a massive 31-day inflow streak.
The S&P 500 ended slightly higher, lifted by Amazon and Alphabet, while investors watched U.S.-China negotiations aimed at mending a trade dispute that has rattled financial markets for much of the year.
The U.S. dollar weakened against most major currencies, moving in narrow ranges, as market participants consolidated gains racked up following Friday’s better-than-expected U.S. employment report and shifted their focus to pivotal U.S.-China trade talks in London.
