Bitcoin's Muted Response to International Trade News

The cryptocurrency market observed a largely indifferent reaction from Bitcoin following the announcement of a historic trade deal between the United States and China. Contrary to expectations that such a positive global economic development might spur upward movement, Bitcoin's price barely budged, recording an increase of less than one percent. This flat performance is attributed to continuous selling pressure exerted by long-term holders, a trend that appears to be overriding external economic catalysts and keeping the asset's price suppressed. The article highlights that despite significant geopolitical events, internal market dynamics, particularly persistent selling from established investors, played a more dominant role in shaping Bitcoin's immediate price action.