{"id":401130,"date":"2019-10-11T13:00:15","date_gmt":"2019-10-11T13:00:15","guid":{"rendered":"https:\/\/wncen.com\/?p=401130"},"modified":"2024-10-26T17:50:35","modified_gmt":"2024-10-26T17:50:35","slug":"bitcoin-drops-as-investors-see-optimistic-signs-on-trade-deal","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-drops-as-investors-see-optimistic-signs-on-trade-deal\/","title":{"rendered":"Bitcoin Drops as Investors See Optimistic Signs on Trade Deal"},"content":{"rendered":"

Bitcoin struggled to maintain gains on Friday as investors processed the possibility of an optimistic trade deal and Brexit.<\/p>\n

The benchmark cryptocurrency was trading at $8,373.96, down 2.49 percent as of 11:03 UTC. Its downside sentiment came on the back of an unbiased Thursday, wherein its opening and closing price was almost the same. The rate\u00a0also remained capped under technical barriers, represented by a long-term moving average indicator in the chart below. Meanwhile, sentiments arising from the rejection of yet another Bitcoin exchange-traded fund in the US kept potential buyers at a distance.<\/p>\n

\"bitcoin,<\/a>
Bitcoin capped by the red curve (200-day MA) | Image credits: TradingView.com<\/figcaption><\/figure>\n

Brexit meets US-China Trade War<\/h2>\n

Bitcoin’s losses occurred on the day when two of the global market’s most significant concerns hinted at a resolution. On the US-China trade war, President Donald Trump said that their discussion with the Chinese is “going very well” shortly after Beijing offered to purchase more agricultural products from the US. People associated with the matter revealed that other negotiations, including currency provisions and intellectual\u00a0property, were also on the discussion table.<\/p>\n

\n

Big day of negotiations with China. They want to make a deal, but do I? I meet with the Vice Premier tomorrow at The White House.<\/p>\n

— Donald J. Trump (@realDonaldTrump) October 10, 2019<\/a><\/p><\/blockquote>\n