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Trade war cools down: Cryptocurrency investment opportunities
Latest news on global trade and cryptocurrency
China has just announced a plan to reduce tariffs on U.S. goods from 125% to 10%. Conversely, the U.S. will lower tariffs from 145% to 30% on Chinese products. This policy will take effect in 90 days, creating an opportunity for further trade negotiations. While global stock and commodity markets reacted positively to this news, the cryptocurrency market only responded mildly.
Bitcoin market trend
Bitcoin remains above the 104,000 USD mark and is approaching the 105,000 USD threshold. Prior to this announcement, Bitcoin had been on an upward trend, fueling expectations for the next breakout. According to analysts, Bitcoin is currently on day 915 of a 1,100-day bull cycle. History shows that significant profits often emerge from day 1,000 to 1,100, signaling that strong growth potential is on the horizon.
Positive technical signal
The weekly MACD of Bitcoin has turned green, indicating strong growth. The last time this happened was in Q4 2024, before Bitcoin recorded a significant increase. Additionally, the weekly RSI has not yet surpassed the overbought threshold, suggesting the potential for the current bullish trend to extend.
Reduce the dominance of Bitcoin, the return of Altcoin
Another notable point is the decline in Bitcoin's dominance, which means that capital is gradually shifting towards altcoins. Memecoins are particularly prominent, with an increase of 10–30% in the past 24 hours, similar to the explosive rally at the end of 2023.
CPI data and Bitcoin conference
Soon, the United States will release CPI inflation data, an important event that could affect both the stock market and the cryptocurrency market. In the meantime, U.S. Vice President JD Vance will speak at a major Bitcoin conference, which could further impact this vibrant market.
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