Bitcoin Fills CME Gap Amidst US-China Trade Tensions
Key Points from the Latest Bitcoin News
- Bitcoin has filled the CME gap, often seen as a precursor to directional price movement.
- Market uncertainty persists due to potential new tariffs between the U.S. and China, affecting investor confidence.
- Bitcoin's momentum was affected by these global trade tensions, with the price currently at $111,623, up 0.92% in 24 hours.
- The Binance Fear and Greed Index dropped from 42 to 39, indicating increased fear among traders.
- Cathie Wood’s Ark Invest filed for new Bitcoin ETFs amidst the cautious market sentiment.
- Resistance is observed at the $113,500 level, a significant barrier for potential upward movement.
Bitcoin Hyper Presale Insights