XRP News Today: Crenshaws Dissens emphasizes the Sec Crypto Rift; BTC lasts over $ 100,000

See our complete XRP forecast here.

Bitcoin lasts over 100,000 US

During XRP Bitcoin (BTC) consolidated before the decisive US China trade talks. The investors who were locked up in profits according to the trade agreement of the US AK trading now turned to the negotiations with China with higher operations.

President Trump added uncertainty. CN wire reported:

“China was supposed to open its market for the USA. Trump says that China after Besseter the tariff in China. Trump says that 80% tariff appears correctly in China.”

The main question is whether China would return if the US would reduce its 145% tariff to 80%. The latest rhetoric indicates a longer trade war when penalty tariffs exist.

US BTC-Spot ETF currents support the market stability of market stability

Despite modest losses, BTC lasted over 100,000 US dollars for the first time since February. Institutional money flows provided price support before the US resume discussions were supported in the USA and China. The US BTC Spot ETF market expanded its inflow strip on three sessions on May 9. According to Farside investors, the most important currents belonged:

• Blackrocks (BLK) Ishares Bitcoin Trust (IBIT) reported net inflows of USD 356.2 million
• Fidelity Wise Origin Bitcoin Fund (FBTC) had a net inflows of $ 45 million.
• In the meantime, Grayscale Bitcoin Trust (GBTC) and Bitwise Bitcoin ETF (BITB) combined net drains of 79.8 million US dollars.

IBIT extended his inflow strip on nineteen sessions and reinforced Blackrock's dominance in the crypto-spot ETF room.

Eric Balchunas, Senior ETF analyst of Bloomberg Intelligence, noticed the importance of the ETF market and the sticky institutional money, in which it says:

“More stable owners = more stable price. ETFs and Saylor have devoured ton of BTC dumps in the past 15 months.”

Ki Young Ju, founder and CEO of Cryptoquant, noticed the changing dynamics of the BTC price strends, in which it says:

“It feels like it is time to throw out this cyclus theory. New sources of liquidity and volume become more unsafe and signal a transition if the Bitcoin market summarizes with tradfi. Now, instead of selling old whales, it is more important to focus on the focus of the new liquidity of institutions and ETFs.

BTC price outlook: focus on politics and legislation

BTC sank by 0.24% on May 9 and sometimes returned by 6.27% of the rally from 6.27% to $ 102,852.

Among the most important catalysts, US China trade negotiations, US CPI data, ETF trends and developments in the Bitcoin Act.

Potential scenarios:

• Bearish scenario: increasing tensions of US China, increasing US inflation, fears of stagflation, resistance to Bitcoin Act and ETF drains. BTC could send the bearish feeling in 90,000 US dollars.
• Bullic scenario: a US China trade agreement, a softer US inflation, pro-crypto legislation and ETF inflows. BTC could drive the bullish feeling above the record high of 109,312 US dollars.

Senator Cynthia Lummis recently reintroduced the Bitcoin Act and suggested that the United States acquired a million BTC over five years with a 20-year stop, which significantly tightened the offer.