Bitcoin price is up today as market participants expect progress on US-China trade talks to increase risk-on sentiment that should boost stocks and crypto.
Key takeaways:
Bitcoin gained 2% to $96,530 on May 7, fueled by US-China trade deal hopes.
BTC price rises with $83.6 million in short liquidations, with open interest up 26% to $64.4 billion, signaling strong bullish momentum.
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