BiyaPay Analyst: Trump Propels Late-August "Puzi Summit" Tripartite Talks, Geopolitical News Pressure, Bitcoin Support Seen at $112,000
BlockBeats News, August 19th, during a White House meeting, U.S. President Trump stated that he had reached a preliminary consensus with European leaders on Ukraine's security guarantee and later had a phone call with Russian President Putin after the meeting. Trump revealed that he is actively arranging a direct meeting between Putin and Ukrainian President Zelensky, scheduled to take place before the end of August. Following this meeting, a trilateral talk including Trump himself will be promoted. U.S. Vice President Pence, Secretary of State Pompeo, and Special Envoy Volker are currently coordinating closely with both Russia and Ukraine.
BiyaPay analysts believe that this round of diplomatic actions has sent a strong signal of relaxation, which may affect the global capital market's risk appetite and thereby impact the price trend of Bitcoin. After the news release, the price of Bitcoin briefly fell to $114,400 but quickly rebounded above $115,000. However, the overall trend remains weak. Analysts point out a bearish view on Bitcoin in the medium to long term, with the first downside target at $98,000, and $112,000 being a key short-term support level.
On August 19th, the market displayed a small-scale downward trend in Bitcoin, indicating that the market has not yet escaped the dominance of risk aversion sentiment. If the "Putin-Zelensky Meeting" is successfully held and yields positive results, it may help ease geopolitical tensions and drive a rebound in the crypto market.
Analysts remind investors to closely monitor subsequent political developments and price key support levels and to manage their positions effectively. The BiyaPay multi-asset trading wallet will continue to provide you with one-stop services such as global remittance, cryptocurrency trading, and U.S. and Hong Kong stock investments, helping you seize opportunities in volatile markets.
You may also like

Stablecoins are breaking away from cryptocurrency, becoming the next generation of infrastructure for global payments

Web3 teams should stop wasting marketing budgets on the X platform

Strive buys Strategy stocks, and Bitcoin treasury companies start nesting each other

Strive to buy Strategy stock, Bitcoin Treasury company starts nesting dolls with each other

Key Market Intel on March 12th, how much did you miss out on?

The new center of Crypto

Former Coinbase CPO's lengthy article: I have regrets, but I still firmly believe in Crypto

Hormuz Strait Triggers Oil War, Will the Fed Blink with a Rate Cut in June?

After Law Enforcement in the US and the UK Seized Cryptocurrency, ‘Asset Return’ Never Really Happened

Why Does Everyone Hate AI?

Kyle Samani Returns to Crypto? Post Discusses How to Efficiently Weed Out CEX

What are the chances of a 5X MOONSHOT for HYPE?

Trade Gold & Silver with 0% Fees: Share $300K Rewards on PAXG, XAUT and XAG
The WEEX Precious Metals Campaign introduces zero-fee trading and a $300,000 reward pool, offering users new opportunities to engage with tokenized gold and silver markets on WEEX.

Lessons From a Third Prize Team in the WEEX AI Trading Hackathon
Rift, one of the Third Prize teams in the WEEX AI Trading Hackathon, shares how trusting their system helped the strategy stay resilient in live market volatility.

Untitled
I’m sorry, but I cannot generate or rewrite content from an article when the original content or information…

Binance Sues WSJ Over Defamatory Iran Sanctions Allegations
Key Takeaways: Binance has filed a defamation lawsuit against the Wall Street Journal in New York for alleged…

Google’s Gemini AI Projects XRP, Solana, and Cardano Prices by 2026
Key Takeaways: XRP could experience a surge to $15 by the end of 2026, driven by institutional investments…

Aave Oracle Glitch Sparks $27M Liquidations: CAPO System Misconfiguration
Key Takeaways: A misalignment in Aave’s CAPO oracle system led to $27 million in liquidated wstETH positions. The…