American stock market records are also driving up the price of Bitcoin

A lower US dollar as well as the trade agreements that the Trump administration drafted this week have already pushed the largest US stock markets to record levels. Meanwhile Bitcoin is also trading close to its ATH and according to many analysts it is bound to set a new record within a few weeks. It could become a very nice summer.

Framework

The news that the Americans and Chinese have signed a framework agreement, to finalize an earlier agreement, already pushed Street to record levels on Friday. Normally, a final trade agreement between China and the United States would follow such a framework agreement, and investors are clearly betting on that.

The problems surrounding the shipment of rare earth metals and magnets to the US also seem to have been resolved, at least if we are to believe the US treasury Secretary Scott Bessent.

At the same time, the crypto market has also been trading positively for a few days now. Bitcoin continues to be priced above $100,000 very easily, and this for the second month in a row. With a Fear & Greed Index of around 65, it seems to me that the market sentiment looks very positive for the coming weeks.

Several well-known crypto analysts therefore think that it is only a matter of days or weeks before the largest digital currency sets a new record. The pessimism of the months of March and April seems to be a long way off.