From Financial Modeling Prep: 2025-06-11 07:24:00

Bitcoin prices held steady at $109,559.20 following a recent rally, as traders analyzed the implications of a potential U.S.-China trade deal.

Tuesday’s surge in Bitcoin was driven by optimism over a trade framework agreement between the U.S. and China, boosting risk sentiment in markets.

The trade deal focuses on resolving disputes related to rare earth exports from China and U.S. export controls on semiconductors, providing some clarity for traders.

Investors are closely monitoring upcoming U.S. CPI data, which could influence the Federal Reserve’s interest rate decisions and impact Bitcoin’s performance.

Institutional interest and legislative support continue to underpin Bitcoin’s price floor, despite uncertainties surrounding the trade deal and macroeconomic factors.

The market is in a holding pattern, waiting for concrete developments on the trade deal and CPI data before making significant moves, but Bitcoin remains well-supported by institutional backing.



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