BTC Price Consolidates at $113K Ahead of Potential U.S.-China Trade Deal
The crypto market consolidated, with bitcoin falling back to $113,100 and ether continuing to grapple with the psychological level of support at $4,000.
There are two key catalysts from a macro perspective this week: the Federal Reserve interest-rate decision due later Wednesday and a potential trade deal between the U.S. and China.
The market is anticipating a rate cut to 375-400 basis points (bps), although it’s worth noting that if the Fed holds rates steady at 400-425, the market will likely sell off because the dollar will rally.
Meanwhile in the Far East, China’s President Xi Jinping will meet U.S. President Donald Trump as a deal nears a conclusion. An agreement is likely to boost U.S. equities and, by…
