Bitcoin Reclaims $115,000 as US–China Trade Hopes Lift Markets
Bitcoin and the broader crypto market surged over the weekend, fueled by potential de-escalation in the U.S.-China trade war.
Bitcoin gained 3.5% on Sunday, rising from $110,960 to $115,400, before cooling slightly. The asset is currently trading at $115,235, per CoinGecko data. Bitcoin is still down about 6.5% from its October 6 all-time high $126,000.
The renewed rally comes amid easing trade tensions between the world’s two largest economies.
The U.S. and Chinese officials met in Malaysia over the weekend, resulting in a preliminary framework agreement described by both sides as a constructive step toward cooling the trade war.
“Bitcoin’s weekend rally underscores how macro sentiment continues to steer digital assets,” Daniel Liu, CEO of Republic Technologies, told Decrypt. “The renewed optimism around U.S.-China trade talks has temporarily lifted risk appetite across markets, and Bitcoin, increasingly viewed as a high-beta macro asset, followed suit.”
The reaction reveals more about liquidity psychology than trade fundamentals, Liu highlighted, suggesting there is no direct link between tariff negotiations and crypto demand.
“What we’re really seeing is a reflexive move of traders pricing in a softer macro environment and looser financial conditions, not a structural shift in the U.S.–China dynamic,” Liu added.
Users on the prediction platform Myriad, owned by Decrypt’s parent company Dastan, leaned toward market greed on Sunday, with sentiment spiking to 60% earlier in the day before easing to 57.4% versus 42.6% for fear.
“Trump's renewed U.S.-China dialogue has positively influenced Bitcoin alongside other risk assets,” Daniel Kim, CEO of Tiger Research, told Decrypt. “This week's APEC summit will likely add to short-term volatility.”
Although the U.S.-China trade war has lifted sentiment, on-chain metrics revealed vulnerability with key indicators like transaction count and active users not yet confirming the price rebound, leaving the near-term trajectory uncertain, according to Tiger Research’s Thursday report.
Still, the report maintained a bullish view for the fourth quarter, with Tiger Research analysts forecasting a $200,000 target for Bitcoin, driven by global liquidity expansion, continued institutional inflows, and the Fed's rate-cutting stance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI boom reshapes the wafer foundry landscape! UBS: Explosive demand accelerates advanced process expansion, mature process enters upward cycle
UBS stated in a recent research report that within the foundry market, the Total Addressable Market (TAM) for the N2 (2nm) node far exceeds expectations, A14 (1.4nm) production expansion is accelerating, and the upcycle for mature process nodes has already begun.
$1,999 Foldable iPhone Is Ready, but Apple (AAPL.US) Faces Over $5.7 Billion Patent Penalty
As Apple intensifies its efforts in foldable displays and AI business, it faces a haptic technology patent compensation ruling exceeding $5.7 billion. On September 25, a federal jury in California found that Apple's Taptic Engine, used in certain iPhone and Apple Watch models, infringed on two patents held by Taction Technology.
Prospects for the opening of the Hormuz Strait are overshadowed, Asian bonds under pressure: 2Y Japanese bond yield approaches 2%, 3Y Korean bond yield rises to highest level since 2022
With high oil prices, short-term bond yields in South Korea and Japan have risen.
5% US Treasury pressure weighs on global assets, while Australian government bonds open up a window for allocation? Fixed income giant Pimco calls the rate hike expectations too aggressive
Pacific Investment Management Company (Pimco) holds a constructive view on Australian bonds, believing that market expectations for rate hikes are too high. Pimco stated that the rate hike cycle in Australia has been "fully priced in," and cracks are beginning to appear in the economy, making Australian bonds look attractive, especially in the 5- to 10-year segment of the yield curve.
Crypto prices
More
