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Bitcoin Rebounds to $110K as U.S.–China Tensions Ease
Bitcoin rose on Monday, extending its weekend recovery as easing concerns over a U.S.–China trade war boosted risk appetite across cryptocurrency markets.
Cryptocurrencies were also supported by steady bets that the Federal Reserve will cut interest rates at the end of October, alongside a broader recovery in risk assets.
Bitcoin climbed 3.5% to $110,608.3 as of 09:20 Moscow time.
The world’s largest cryptocurrency had earlier fallen to a low of $103,000 amid heightened U.S.–China trade tensions.
Concerns over the U.S. economic outlook also weighed on crypto markets, as the ongoing government shutdown appeared to enter its third consecutive week. Several key U.S. economic indicators were delayed due to the shutdown, leaving markets uncertain about the health of the world’s largest economy — particularly ahead of next week’s Federal Reserve meeting.
Bitcoin Recovers After Trump’s Softer Tone on China
Bitcoin’s recovery was driven mainly by comments from U.S. President Donald Trump, who said on Friday that a prolonged trade war with China was “unsustainable” and that he still planned to speak with Chinese President Xi Jinping within about two weeks.
Separately, U.S. Treasury Secretary Scott Bessent stated that high-level trade talks with Chinese officials were expected to continue this week.
Their remarks, which struck a more conciliatory tone toward China, fueled optimism that Trump will not follow through on his threat of 100% tariffs against the country. This in turn sparked a rally in risk assets.
Crypto Prices Today: Altcoins Recover, Ethereum Back Above $4K
Broader cryptocurrency prices rose on Monday alongside Bitcoin, with most altcoins staging a sharp rebound after recent losses.
Ethereum, the world’s second-largest cryptocurrency, gained 4.1% to $4,057.96, reclaiming the closely watched $4,000 level.
XRP rose 4.2% to $2.4510,
BNB advanced 3.6% to $1,130.20,
Solana climbed 3.2%,
and Cardano jumped 5.4%.
Among meme tokens, Dogecoin gained 5.6%, while $TRUMP added 2.2%.
Bitcoin and the broader crypto market remain lower in October, contrary to previous years when digital assets typically rallied during the month — a trend known as “Uptober.”
As of now, Bitcoin and Ethereum are trading about 2% lower since the start of October.
See also: "XRP Cryptocurrency Drops 10% in Bearish Pullback Trading"
