A preliminary consensus on a U.S.-China trade deal could provide significant upside potential for Bitcoin, according to analysis from a cryptocurrency exchange. The development suggests that resolution of trade tensions between the world’s two largest economies may create favorable conditions for digital asset markets.
The assessment indicates that reduced uncertainty in global trade relations could boost investor confidence in alternative assets like Bitcoin. Market observers have noted that cryptocurrency prices often respond to macroeconomic developments and shifts in international trade policy, with Bitcoin potentially benefiting from improved economic stability between the United States and China.
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