Bitcoin Surges Past $113,000 Amid Trump–Xi Trade Optimism
- Bitcoin (BTC) rose to approximately $113,479, marking a gain of 1.62% in the last 24 hours.
- U.S. Treasury Secretary Scott Bessent stated that Presidents Trump and Xi have “the framework” for productive discussions.
- Markets predict a high probability (98.3%) of a Federal Reserve rate cut by October, boosting liquidity expectations for risk assets like Bitcoin.
- U.S. and Chinese negotiators reached a preliminary consensus on key trade issues, easing tensions ahead of the Trump–Xi meeting.
- Bessent indicated that earlier threats of tariffs on Chinese goods are now “effectively off the table,” stabilizing market expectations.
The rise in Bitcoin’s price is closely linked to optimism surrounding upcoming trade discussions between U.S. and Chinese leaders, alongside expectations of monetary easing from the Federal Reserve which supports inflows into risk assets like Bitcoin.
As Bitcoin climbs above $113,000, these developments reflect a significant shift in market sentiment driven by trade negotiations and anticipated rate cuts.(Source)
