The QCP Capital emphasized that Bitcoin could not hold the key support level of $ 100,000 due to the exacerbation of trade contradictions between the United States and other states. The course of the first cryptocurrency for a short time rose to $ 100,000 amid news about the postponement of the introduction of American duties against Mexico and Canada. However, the positive effect quickly came to naught after China announced return tariff measures, which led to a decrease in bitcoin cost to $ 98,000.
China began an antimonopoly investigation against Google, which may indicate the readiness of Beijing to escalate tension by pressure on large US technological companies. Possible sanctions or restrictions can negatively affect the profits of these companies, which creates additional risks for high -profit assets, such as cryptocurrencies, analysts say.
Against the background of stabilization of bitcoin, a decrease in the volatility of options is observed at the level of $ 98,000, which indicates the absence of a clear predominance of bear or bull moods among traders, summed up in the QCP Capital.
Earlier, the chief investment director of the Maelstrom cryptocurrency venture company and the co -founder of the Bitmex exchange, Arthur Hayes, said that the United States, China and other states will soon saturate the markets, which will lead to a new record for the first cryptocurrency prices.
Source: Bits

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