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Bitcoin Jumps to $113K, Altcoins Advance as US–China Trade Progress Sparks Broader Risk-On Rally

Concise / Digital Brief Style

Bitcoin Tops $113K as Trade Talks Calm Markets

Bitcoin rallied past $113,000, its strongest level in nearly two weeks, amid optimism that US–China trade tensions may be easing.

Top negotiators reported a “preliminary consensus” on key issues, and Treasury Secretary Scott Bessent said Trump’s tariff threats are “off the table.” The shift spurred gains across global equities and crypto, while gold prices slipped.

ETH, BNB, SOL, and XRP each advanced 2–5%, pushing total crypto market value up 1.8% to $3.72 trillion. Analysts say the upbeat trade tone offers short-term relief, but next week’s Fed meeting remains the key macro driver for risk sentiment.