Bitcoin price surges to $93,500, breaking monthly record. Factors influencing the increase include US-China trade negotiations and Federal Reserve decisions.
The price of Bitcoin has shown a significant growth trend since last night, surpassing the $93,500 mark with a more than 6% increase compared to the previous day, reaching its highest monthly level. This price surge follows reduced concerns about the trade war and changing US monetary signals, increasing investors’ demand for high-risk assets. The rally came after conciliatory statements from US officials regarding negotiations with China and reports of Trump softening his stance on the removal of the Federal Reserve chairman. The Federal Reserve’s next interest rate decision and financial negotiations between Washington and Beijing are likely to be key catalysts for Bitcoin prices in the coming weeks.
