In brief
- Bitcoin rose 3.5% over the weekend to $115,400 as optimism grew over easing U.S.–China trade tensions.
- Officials from both countries reached a preliminary framework in Malaysia, boosting risk appetite across global markets.
- Market sentiment on Myriad skewed toward “greed,” while analysts cautioned that on-chain activity hasn’t yet confirmed the rally.
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
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Author: Akash Girimath
