Bitcoin Rises to Near The Highest Price by U.S.-China Negotiation

U.S.-China Resume Bilateral Rrade Talks in London
Trump "Looks Positive..."I'll Get a Call from Them Soon"
BTC Breaks Over $110K...Altcoin Soars Following BTC Rise
Afternoon Markets Return Morning Rebound Adjustment

Bitcoin(BTC) surpassed 110,000 U.S. dollars on Jun. 10 on the news of the resumption of trade negotiations between the U.S. and China, and is set to hit the highest price ever again. Bitcoin's highest price is 118,872 dollars, which was recorded on the 22nd of last month.

The U.S. and China dispatched high-level officials to start trade negotiations in London on the 10th. Regarding the two countries' negotiations, White House National Economic Council Chairman Kevin Hassett said, "China is discussing ways to resume exports of rare earths to the U.S. and expand China's access to U.S.-made semiconductors."

U.S. President Trump also said, "We're doing well with China right now. It's not easy, but they (negotiators) are doing very well right now." "They're there (in London), and all the reports I'm receiving are positive," he said. "It's still a little early, but I'll get a call soon."

The news that the two countries, which were considered the main pillars of the global tariff war, negotiated eased tensions in the asset market, and the cryptocurrency market, including Bitcoin, soared. A number of altcoins also rose more than 5%, including Bitcoin jumping 4% in the morning of the 10th to surpass $110,000 in three weeks.

On the afternoon of the 10th, the cryptocurrency market fell slightly as it began to adjust according to the morning surge.

◇Bitcoin = Bitcoin price is $109,226 at 4:30 p.m. on Jun. 9, 2025. The Bitcoin share(dominance) was 64.59%.

The long(up) and short(down) betting ratios in the Bitcoin futures market stood at 32.73% and 67.27%, according to the on-chain analytics platform Sigbtc.

In an interview with YouTube Day, a famous cryptocurrency analyst, Planby said, "If the Bitcoin Relative Strength Index (RSI) breaks through 75 again, it is highly likely that a strong uptrend in historical patterns will be reproduced," and predicted, "If the trend continues, Bitcoin will be able to surpass $130,000 by the end of this month."

◇Upward Coin = The cryptocurrency that recorded the largest increase from the previous trading day at 4:30 p.m. on Jun. 10 was Axela(AXL), up about 27% on the day alone.

Exela Network is a Web 3.0 interoperability platform that provides an interchain solution that can connect different blockchains. In particular, the Mobius Development Stack(MDS) developed in-house can simplify the connection and tokenization process between blockchains.

The investment will be used to expand the ecosystem and strengthen connectivity with various blockchain networks, especially in the area of RWA. Some of the investment will be used to purchase its own token, Exela, which is unlocked (transitioned to distributable state) from the ecosystem quota held by the Exela Foundation, which has a lock-up period of 6 to 12 months.

◇Fear Greed Index = Digital asset fear-greed index provided by Alternative has entered the 'greed' phase with 71 points. The greed phase is a phase where price volatility and trading volume increase, and the price increases. The government should be cautious about selling products as it is highly likely to form a short-term high.

The cryptocurrency relative strength index(RSI) provided by Sigbtc was 69.2, which was in a 'neutral' state. RSI sets the relative strength between the upward and downward pressure of a specific asset price and is an indicator of the over-purchase and over-sale of a specific asset.

권승원 기자 ksw@blockstreet.co.kr