Bitcoin recovers and trades above $ 9,100

Bitcoin is up nearly 3% from its drop yesterday , where it broke below $ 9,000 and traded at $ 8,800. The largest cryptocurrency in the market fell 3% and, although it has not yet recovered, it has a clear objective to face the last week of May. At the close of this note, BTC is trading at $ 9,175

Although the crypto ecosystem has been talking for weeks about the great goal of the 10K , which is so much denied to the cryptocurrency , analysts assure that BTC could register a monthly closing higher than USD 9,300 , something that did not happen ten months ago .

A considerable factor that may influence the price of BTC in the coming days is the increase in tension between the United States and China . Xi Jinping himself is attempting to exercise authority over Hong Kong , and has even openly stated that he will "do what he wants", regardless of the consequences.

This new chapter adds to the recent statements by Donald Trump regarding the origin of the coronavirus, which aroused the displeasure of the authorities of the Asian giant. The confrontation of both powers could have serious consequences for their economies , and investors could accelerate their movements to bitcoin , which in recent days has gained exposure as a great refuge asset .

Finally, while the altcoins market has presented some recoveries. Ethereum (ETH) , the benchmark altcoin, again crossed the $ 200 barrier and is currently trading above $ 209, representing a recovery of 8% from yesterday's lows of around $ 190 . XRP , the cryptocurrency that follows it in market capitalization, recovered its level of USD 0.20 after a jump of almost 5%. Bitcoin Cash (BCH) and Litecoin (LTC) grew 5% and are trading at $ 234 and $ 44 , respectively.