Cryptocurrency: Bitcoin with tension between US and China is less than $ 105,000 | The economy
Amidst the intensification of trade relations between the United States and China, the 30th and Friday bitcoin decline, and the crypto sector in the United States, also in the wake of the regulation of the crypto sector.
At about 3:25 PM GMT, the market’s main cryptocurrency fell 1.15%, which was quoted to the US $ 104,706.72, which collected a weekly loss of 6.60%. At the Fall of 2.44%, at the fall of the US $ 2,577.64, the weekly dation was 2.70%, according to Binance data.
“The bitcoin market has moved with a strong solution: Million has been removed in the last 24 hours in the last 24 hours (Langs) in the purchased positions,” said Alejandro Arich, an FXPire. According to him, the support of the support represents a more sharp correction, with prices back to the range of $ 90,000.
The tension between Washington and Beijing has increased after US President Donald Trump has accused China for violating the tariff agreement. Investors will respond to reports on the possibility of new sanctions on the Chinese technology sector. “Fear and greed rate, which is 65 (greed), has been reduced to 61, which indicates the risk of risk hunger”.
Control progresses for cryptocurrencies in the US and environmental improvement are also falling. The SEC filed the SEC process against Binance in the highlights, in the House of Representatives in the House of Representatives, which are trying to establish a regulatory framework for a $ 2.32 billion bitcoin reserve and digital assets.
Despite this week’s correction, bitcoin rose by 10% in May, crossing 1 111,000 a month and renewed historical records. Ethereum, 42.5% firing during the same period. Positive performance is more structural control atmosphere, more resources entry through ETFs, the growing interest of companies and the positive gross financial factors, analysts.
*With information from Dow Jones Newswires
