Professional / Newsroom Style
Bitcoin Climbs Past $113K as US–China Trade Optimism Boosts Risk Appetite
Bitcoin (BTC) surged above $113,000 on Sunday, its highest level in nearly two weeks, as renewed optimism over US–China trade progress lifted global markets.
Officials from both countries said they reached a “preliminary consensus” on contentious issues such as export controls and shipping tariffs, while US Treasury Secretary Scott Bessent confirmed that President Donald Trump’s proposed 100% tariffs on Chinese goods are “effectively off the table.”
The announcement followed two days of talks in Malaysia and ahead of a scheduled Trump–Xi meeting aimed at sealing a broader deal.
The improved risk sentiment sent US and Asian stock futures higher, while gold prices eased as investors rotated into risk assets.
Crypto markets followed suit, with ether (ETH) gaining 2.6% to $4,060, BNB and Solana (SOL) advancing about 4.5% each, and XRP rising 2.3% to $2.64. Tron’s TRX fell 2.9%, bucking the uptrend.
The overall crypto market capitalization increased 1.8% to $3.72 trillion, according to CoinGecko, partially reversing earlier losses linked to liquidations.
Analysts said the shift in tone between Washington and Beijing has eased macro pressures heading into next week’s Federal Reserve policy meeting, where traders will be watching for dovish signals.
