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Bitcoin Price Today: Rises to $115K Amid US–China Trade Deal
Bitcoin climbed on Monday amid a broad rally in risk assets after the United States and China announced a framework trade deal aimed at preventing further escalation of their ongoing trade conflict.
Risk appetite was also supported by softer U.S. inflation data, fueling optimism that the Federal Reserve will cut interest rates at its upcoming meeting later this week.
As of 06:22, Bitcoin rose 3.5% to $115,504, breaking out of the $100,000–$110,000 range that had persisted through much of October.
US–China Trade Agreement Supports Crypto Markets
Officials from both nations said over the weekend that they had reached a framework trade agreement, which will advance when Donald Trump and Xi Jinping meet later this week.
The deal covers several contentious issues, including China’s restrictions on rare-earth exports, U.S. tariff increases, and rising shipping costs between the two countries.
The leaders are expected to meet in South Korea later this week.
News of progress between the world’s two largest economies boosted risk sentiment, as markets bet on no immediate escalation of the trade dispute.
While cryptocurrencies are not directly affected by trade tensions, market sentiment shifts caused by geopolitical developments often lead to price volatility. Earlier in October, concerns over U.S.–China trade tensions had pushed crypto markets mostly lower.
Crypto Prices Today: Altcoins Rebound as Fed Rate Cut Looms
The broader cryptocurrency market rose alongside Bitcoin, extending gains after a weekend rally.
- Ether (ETH) surged 7.5% to $4,240.35,
- BNB climbed 2.8% to $1,151.90,
- Solana, Cardano, and XRP gained 1.5%–6%,
- Among meme coins, Dogecoin advanced 6.3%, while $TRUMP added 4.2%.
Crypto prices rallied late last week after U.S. consumer inflation data for September came in softer than expected, reinforcing expectations that the Fed will cut interest rates this week and signal further policy easing ahead.
Markets now price in a nearly 100% probability of a 25-basis-point rate cut, according to CME FedWatch.
Lower interest rates are generally bullish for crypto markets, as they free up liquidity for riskier speculative assets — a key driver of past rallies, including the 2021 bull market.
Beyond monetary policy, upcoming earnings reports from major U.S. tech companies will also shape market sentiment this week. Crypto prices often track tech stocks, though they have lagged behind equity markets in October.
See also: "Ethereum ETFs Record Second Consecutive Week of Outflows"
