Bitcoin Rebounds Above $110k After Trump, Xi Strike One-Year Trade Truce
Bitcoin bounced above $110K after President Donald Trump and China’s Xi Jinping agreed a one-year trade truce, lowering the temperature in a heated confrontation that had threatened to upend the global economy. The deal eased fears of further escalation in the US-China trade war that rocked global markets earlier this month. Bitcoin, which plunged near $108K before the announcement, recovered on the news to trade at $110,318.60 as of 5:35 a.m. EST, according to data from CoinMarketCap . BTC price (Source: CoinMarketCap) Under the pact, China will delay export controls on rare earths for a year, while the US will scrap planned 100% tariffs on Chinese goods and halve a fentanyl-related duty. Still, the truce left many trade disputes unresolved, tempering optimism across risk assets. Despite Bitcoin’s recovery, crypto sentiment remains cautious. The Crypto Fear & Greed Index plunged to 34, signaling “Fear,” after a 17-point drop from yesterday...