Bitcoin Tops $113K, SOL, ADA, ETH Jump as US–China Trade Progress Lifts Risk Appetite
That risk sentiment across global markets. US and Asian equity futures advanced, and gold pulled back slightly from recent highs as traders rotated back into risk assets.

What to know:
- Bitcoin surged above $113,000, its highest in nearly two weeks, amid progress in US-China trade talks.
- Top negotiators reached a preliminary consensus on key issues, easing fears of new tariffs.
- The broader crypto market cap rose 1.8% as traders welcomed relief from geopolitical tensions.
Bitcoin climbed above $113,000 in late Asian hours Sunday, its highest in nearly two weeks, as traders welcomed signs of progress in US–China trade talks that eased fears of another tariff spiral.
Top negotiators from both nations said they had reached a “preliminary consensus” on several contentious issues — including export controls, fentanyl, and shipping levies — while US Treasury Secretary Scott Bessent told CBS that President Donald Trump’s threat of 100% tariffs on Chinese goods is “effectively off the table.”
The comments came after two days of talks in Malaysia and ahead of a planned Trump–Xi meeting to finalize a broader deal.
That risk sentiment across global markets. US and Asian equity futures advanced, and gold pulled back slightly from recent highs as traders rotated back into risk assets.
Crypto joined the move higher, with ether
The broader crypto market cap rose 1.8% to $3.72 trillion, CoinGecko data shows, reversing some of the declines that followed this month’s liquidation cascade.
Analysts say the easing trade rhetoric has given traders breathing room after weeks of macro-driven volatility.
With the Federal Reserve’s next policy meeting less than a week away, a sustained breakout likely depends on how dovish the central bank’s tone turns. For now, relief on the geopolitical front has been enough to let crypto exhale — and keep bitcoin’s October from ending in its worst since 2015.
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