Bitcoin holds $105K as US bank stocks recover, Trump truce lifts sentiment
Bitcoin stabilized near $105K as stronger US bank earnings eased credit fears and Trump's comments on Chinese tariffs boosted market sentiment.Summary
Bitcoin (BTC) stabilized around the $105,000 level after experiencing a two-day decline, as renewed stress in US regional banks rattled risk markets. Sentiment improved significantly after several key regional lenders, including Truist Financial and Regions Financial, reported lower-than-expected provisions for credit losses, easing fears of a wider credit contagion. This recovery in US banking stocks, which saw indexes like the S&P Regional Banks Index claw back losses, was further supported by positive geopolitical news. US President Donald Trump confirmed that steep tariffs on Chinese goods "will not persist" and announced a future summit with President Xi Jinping, sparking a rebound in global stock futures. Despite the short-term stabilization, some analysts remain cautious, with one predicting that Bitcoin's current bull run could end within 10 days based on historical cycle patterns.
(Source：Cointelegraph)