CoinDesk Podcast Network U.S. Reaching Out to China for Tariff Talks | COINDESK DAILY
May 2, 2025
The latest news highlights a significant boost in Bitcoin's value, surging above $97,000 amid optimism for U.S.-China tariff negotiations. This newfound hope is influencing institutional investments in cryptocurrency. Additionally, there's excitement around Tether's plans to introduce a U.S.-focused stablecoin by 2025, signaling a shift in the stablecoin market. An unexpected surprise in the U.S. jobs report adds further intrigue to the economic landscape. Tune in for insights on how these factors intertwine!
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U.S.-China Tariff Talks Boost Bitcoin
- The U.S. has proactively reached out to China to discuss tariff reductions, sparking optimism about easing trade tensions.
- This has driven Bitcoin prices above $97,000, with potential to reach $100,000 amid institutional interest.
Trade Talks Could Spur Bitcoin Rally
- De-escalation of trade disputes could stimulate institutional investment in Bitcoin, supported by existing pro-crypto policies and ETF inflows.
- Market observers see $100,000 Bitcoin as achievable given strong liquidity and speculative activity.
Strong U.S. Jobs Data Affects Fed Cuts
- The U.S. added 177,000 jobs in April, beating expectations and holding unemployment steady at 4.2%.
- This strong labor report reduces chances of imminent Federal Reserve rate cuts, cooling market hopes.