Bitcoin Surpasses $113K as Trade Talks Boost Market Sentiment
- Bitcoin climbed to $113,000, its highest level in nearly two weeks.
- US and China negotiators reported a “preliminary consensus” on key issues like export controls and shipping levies.
- Ether (ETH) rose by 2.6% to around $4,072, while BNB and Solana (SOL) gained approximately 4.5% each.
- XRP increased by 2.3% to $2.64, continuing its rally linked to ETF optimism.
- The total crypto market cap grew by 1.8% to reach $3.72 trillion according to CoinGecko data.
The positive sentiment from US-China trade discussions has contributed to a recovery in risk assets across global markets, including cryptocurrencies. As traders react positively, the Federal Reserve’s upcoming policy meeting will be crucial for sustaining this momentum.
With Bitcoin now at $113,000 and the broader crypto market cap at $3.72 trillion, the recent geopolitical developments have provided much-needed relief for traders after weeks of volatility.(Source)
