Bitcoin Holds Steady Above $94K Amid Trade Deal Anticipation

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Hey crypto trailblazer, 👋

Bitcoin is trading at approximately $94,700 right now as market participants closely monitor developments in the ongoing U.S.–China trade negotiations. Let’s dive into what’s happening.

🏦 Trump Pushes for 'Fair' Trade Deal with China

President Donald Trump has reiterated his commitment to securing a "fair" trade agreement with China, even as the U.S. escalates tariffs on Chinese imports. Speaking aboard Air Force One, Trump indicated that while no direct talks with Chinese President Xi Jinping are currently planned, U.S. officials are actively engaged in discussions with their Chinese counterparts. He suggested that trade agreements could be announced soon, though he did not provide specifics.

Over the past month, the Trump administration has imposed a series of escalating tariffs, starting with a 10% tariff on most countries on April 2, increasing to 25%, and reaching up to 145% for major trading partners, including China. Trump has hinted at the possibility of further tariffs if no agreements are reached.

The ongoing trade tensions have contributed to market volatility, with investors closely monitoring developments for potential impacts on global trade and economic stability.

For now, all we can do is wait and find out.

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Epic Crypto News Team

DISCLAIMER: This newsletter is for educational purposes only. Nothing here is financial advice. Do your own research before making any investment decisions. Crypto markets are volatile and risky. Only invest what you can afford to lose.