Bitcoin hovered around $105,000 in early trading on Monday, as traders remained cautious ahead of two significant macro events—U.S.-China trade discussions and an impending U.S. inflation report that may impact Federal Reserve policy.

Bitcoin Steady in a Cautious Market

As of 05:37 GMT, Bitcoin traded at $105,435.20, showing minimal movement in this range-bound market. Traders refrained from making bold moves, preferring to wait for greater clarity on global trade relations and U.S. monetary policies.

• Recent Trends: Bitcoin has remained largely in a tight range throughout the past week, echoing broader market hesitance.

US-China Talks in Focus

Attention is drawn toward the U.S.-China trade discussions in London, which involve Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and China’s Vice Premier He Lifeng.

• This marks the first formal negotiation since last month’s Geneva agreement.

• Investors are hoping for indications of geopolitical stability, which could enhance sentiment across risk assets, including cryptocurrencies.

• Any progress made regarding tariffs or capital flows might positively influence Bitcoin and other decentralized assets.

Impact of the Upcoming U.S. CPI Report

The upcoming U.S. CPI (Consumer Price Index) data is also under close scrutiny by the market. A softer inflation result could:

• Encourage predictions for a Fed rate cut

• Weaken the U.S. dollar

• Enhance the attractiveness of crypto as a hedge

Gemini’s Confidential IPO Filing

Enhancing the sector’s long-term optimism, crypto exchange Gemini has confidentially filed for a U.S. IPO. This action signifies:

• Growing investor interest in crypto equities

• An advancing regulatory framework

• Resilience in capital markets, despite recent market consolidation

Conclusion

Bitcoin may be quiet, but its backdrop is bustling. The combination of significant U.S.-China negotiations and an essential CPI release could stir price volatility. Simultaneously, Gemini’s IPO filing brings fresh institutional momentum to the digital asset environment.