---
title: "Bitcoin Price Eyes $100K Ahead of US-China Trade Talks"
url: https://diffcoin.com/bitcoin-price-eyes-100k-ahead-of-us-china-trade-talks/
description: "Bitcoin is headed for $100K as markets look forward to a US-China trade deal."
published: 2025-05-08
updated: 2025-05-08
author: "Mila"
site: "Diffcoin"
---

# Bitcoin Price Eyes $100K Ahead of US-China Trade Talks

Bitcoin’s price seems to be on the verge of hitting the coveted $100K level ahead of this weekend’s meeting between representatives of the United States and China.

## BTC Eyes $100K

At the time of this writing, BTC’s price is trading above $99,000, currently sitting in an area of considerable resistance, as seen in the chart below.

![BTCUSD_2025-05-08_07-31-21](data:image/svg+xml;base64,PHN2ZyB4bWxucz0iaHR0cDovL3d3dy53My5vcmcvMjAwMC9zdmciIHZpZXdCb3g9IjAgMCAzMjUwIDE1ODYiIHdpZHRoPSIzMjUwIiBoZWlnaHQ9IjE1ODYiIGRhdGEtdT0iaHR0cHMlM0ElMkYlMkZjcnlwdG9wb3RhdG8uY29tJTJGd3AtY29udGVudCUyRnVwbG9hZHMlMkYyMDI1JTJGMDUlMkZCVENVU0RfMjAyNS0wNS0wOF8wNy0zMS0yMS5wbmciIGRhdGEtdz0iMzI1MCIgZGF0YS1oPSIxNTg2IiBkYXRhLWJpcD0iIj48L3N2Zz4=)

Source: TradingView

The cryptocurrency is up almost 3% on the day and around 5% on the week.

The derivatives market is also cooling down. Liquidations have decreased by more than 7% in the past 24 hours, currently standing just shy of $300 billion, predominently occupied by short positions, data from CoinGlass shows.

Bitcoin’s market dominance stands at 62% according to CoinGecko, while the overall market is now in a state of “greed.” This signals a clear shift in sentiment in the past week.

## The Macro Shapes Bitcoin’s Price

It’s safe to say that the latest moves in BTC are driven mostly by macroeconomic events.

As *CryptoPotato* reported yesterday, representatives of the United States and China are expected to meet this weekend. They will discuss a potential trade deal following escalated tentions following the recent threats of tariffs.

Additionally, the US Federal Reserve decided to maintain key interest rates at the same levels of 4.25% to 4.5% yesterday. Although Bitcoin initially declined on the news, the losses have been erased as markets settled. It appears investors are positive on the news as the S&P 500 posted the first positive day in three.

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