A Trump administration official stated that the US may consider buying Bitcoin (BTC) with the proceeds from the tariffs imposed by the US.
The European Union stated that limited progress has been made in trade talks with the US and that they do not expect the tariffs to be lifted anytime soon.
US President Donald Trump said he is open to reaching a trade deal with China.
At the time of writing, Bitcoin (BTC) is trading at $83,625 and Ethereum (ETH) is trading at $1,578.
The fear and greed index is at the fear level with “29”.
Important developments for the day:
Ripple (XRP): Last day for filing objections in SEC case.
General Market Event: FED Chair Powell will deliver a speech.
