Bitcoin Climbs To $115K On Renewed Hope Of U.S.-China Trade De-Escalation

Benzinga

Bitcoin jumped 3.5% to $115,400 as U.S.-China trade talks boosted risk sentiment. Analysts say optimism over looser financial conditions and renewed dialogue fueled the weekend rally.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Bitcoin surged over the weekend, climbing 3.5% to $115,400 on Sunday before easing,

00:10as optimism grew over a potential U.S.-China trade de-escalation, according to The Street.

00:16Officials from both nations met in Malaysia and described the talks as a constructive step toward

00:21easing tensions. Analysts said the rally reflected improved macro sentiment rather than direct trade

00:27fundamentals. Republic Technologies CEO Daniel Liu said traders are pricing in looser financial

00:33conditions, while Tiger Research CEO Daniel Kim cited renewed dialogue as a catalyst for risk

00:38assets. Market sentiment on prediction platform Myriad shifted toward Greed Sunday, rising to 60%

00:45before settling at 57.4% compared to 42.6% for fear. For all things money, visit Benzinga.com.

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