Bitcoin, Solana Rise as U.S. and China Agree to Trade Talks Ahead of Key Bond Auction

The price of Bitcoin and Solana increased on Monday, as members of US President Donald Trump’s trade team prepared themselves for meeting with Chinese officials in London, and investors watched a series of US auction of bonds later this week.

Bitcoin recently changed about $ 108,000, which is 1.7% on the rise in the last day, according to Crypto Data Coingecko Data. The salt price increased by $ 2.9% to $ 156, while Altcoini like Hyperliquid used $ 7% to about $ 38.

Said the Chinese Foreign Ministry of Foreign Affairs statement On Saturday, Vice Prime Minister On Lifeng would be in the UK until Friday, holding “the first meeting of the Mechanism for Economic and Trade Consultation on the Chinese-US”. US Minister Scott Scott Bessent and Store Store Howard Lutnik among trade representatives are now sending, per CNBC.

The headquarters followed by a phone call between US President Donald Trump and Chinese leader of XI Jinping last week, which Trump has described positively. Since Trump presented a 90-day break on “reciprocal” tariffs for most countries, expected to expire in early July, tension with China has increased because Trump has accused China to violate his Tariff break in mid -May.

In recent weeks, Trump trade maneuvers have been overshadowed by his big account – who contributed to his exit with the technological executive director Elon Male and causing two -sided worries over the fiscal restriction of the White House. All in all, the Congress Budget Office he says Trump’s account, known as OBBB, would add $ 2.4 trillion to the current deficit.

The expansion of the budget deficit, in which the gap between state consumption and revenue is increasing, measures the request for long -term US bonds, according to Crypto Exchange Bitunix analysts. The auction of American debt on Thursday, although historically routine, could serve as a lakmus test for an appetite investor for US debt, they added.

“[If] lOng-end American yields have reached new maximals because of poor auction yields, the risk appetite will hit suddenly, negatively on risk property, especially the cryptocurrency of the market, “Bitunix wrote in the note.

The poorly received 20-year bond auction passed the markets at the end of May, which is why Bitcoin fell 2.4% to $ 106,900 in less than an hour, May 21. As 20-year-old debt, stocks and dollars are sold out. The auction took place shortly after Moody reduced American debt.

“If we see that these auctions Bond go pretty bad, then I think it would probably be good for Bitcoin,” said Coinshares James Butterfill Chief for Decrypt. “At least it would be relatively outperforming shares and treasures.”

On Monday, the yields of 30-year-olds were unchanged to 4.962%, according to CNBC data. The butterfly said the role of dollars as a global spare currency has been eroded for years, and concerns about American debt are just the latest factor of sending the rates that are larger.

“I’m not saying that now suddenly they are going to the default or that the US dollar goes to a crater, but we may come to the point where the US dollar really begins to sell,” he said, noting that gold benefits from a similar environment.

Edited by James Rubin