ChainCatcher news, according to Reuters, U.S. Treasury Secretary Basant stated that substantial progress has been made in trade negotiations with China and will provide details on Monday. U.S. Trade Representative Jamieson Greer indicated that the differences between the two sides are not as significant as previously thought.

ChainCatcher news, according to CoinDesk, Bitcoin (BTC) opened this week above $94,000 and has been consolidating, as traders await the latest developments from Beijing regarding the US-China trade agreement.The CoinDesk 20 (CD20) index fell by 1.5%, trading below 2,700 points. The market liquidity and trading volume were low due to the holiday closures in Hong Kong, mainland China, Japan, and South Korea.According to the latest report from Glassnode, Bitcoin is facing significant resistance in the $93,000-$95,000 range, which aligns with the cost basis of short-term holders and the 111-day moving average. The report notes that if Bitcoin can break through the $95,000-$98,000 resistance level, it may initiate a new round of price exploration, potentially setting a new all-time high.Prediction market data shows that the current market gives a 21% probability of a US-China trade agreement being reached before June, and a 47% probability of the White House lowering tariffs before the end of May.