Bitcoin Updates: Bitcoin Jumps After US-China Trade Agreement Eases Global Tensions
- U.S.-China preliminary trade framework averted 100% tariffs, boosting Bitcoin to $113,500 and lifting crypto market cap to $3.92 trillion. - The deal suspended tariffs and rare earth export curbs, with U.S. Treasury Secretary Bessent and Chinese VP He Lifeng emphasizing mutual benefits. - Reduced geopolitical risk drove Bitcoin's 1.8% gain and Ethereum's $4,040 surge, though analysts warn talks could reignite volatility if collapsed. - Upcoming Trump-Xi summit in South Korea may finalize terms, with outc
Bitcoin (BTC) surged to $113,500 on October 26 after the United States and China unveiled an initial trade agreement to prevent 100% tariffs, fueling positive sentiment across global markets, as reported by a
U.S. Treasury Secretary Scott Bessent called the deal a "very substantial framework" for stabilizing trade ties, according to TheStreet, while Chinese Vice Premier He Lifeng highlighted the "mutual benefit and win-win results" in the same coverage. The negotiations, which coincided with Trump’s ASEAN visit and were spotlighted by Beincrypto, come ahead of a scheduled meeting between
The crypto market’s rebound followed a steep decline caused by Trump’s October 10 tariff announcement, which wiped out $200 billion from the sector within hours, according to Beincrypto. Bitcoin’s climb back to $113,500 represented a 1.8% increase, while
Trade friction escalated after the U.S. initiated a Section 301 investigation into China’s adherence to the 2020 trade pact, as outlined in an
The result of these developments may influence Bitcoin’s path in the last quarter of 2025. Galaxy Digital’s Mike Novogratz warned that “planets would need to align” for
With the Trump-Xi summit drawing near, markets remain cautious. A finalized agreement could spark wider economic confidence, while a collapse might revive concerns about inflation and global instability—situations that have often reinforced Bitcoin’s reputation as a store of value, as discussed in the Coindoo analysis.
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.
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