Bitcoin’s $107k Dance: Will Trump-Xi Clash Ignite Crypto Surge?

Bitcoin Surges as Crypto Market Sees Positive Momentum

Bitcoin climbed above $107,200 on Saturday, escalating teh trade war.

the recent rise in Bitcoin and other major cryptocurrencies like Dash, Morpho, Bittensor, and Aster suggests a “buy the dip” strategy among investors. This move comes after a significant crypto selloff earlier this month. The market is now cautiously optimistic about U.S.-China relations.

The rally lifted several major cryptocurrencies, including Dash, Morpho, Bittensor, and Aster, all gaining over 8% in the past 24 hours. This uptick follows a broad crypto selloff earlier this month. Investors are “buying the dip,” hoping for a thaw in U.S.-china relations.

Markets are closely watching President Trump’s upcoming meeting with President Xi at the APEC summit. Treasury Secretary Scott Bessent is also set to meet his Chinese counterpart, He Lifeng, in Malaysia next week. any de-escalation could ease inflation and keep the Federal Reserve on its rate-cutting path, benefiting both stocks and cryptocurrencies.

Bitcoin’s price rise could be due to investors buying after most tokens entered a bear market, falling over 20% from their highs this month.

Trade tensions between the U.S. and China have escalated. China has stopped importing U.S. soybeans and investigated companies like Qualcomm. Trump threatens tariffs on Chinese exports.A potential deal could reduce inflation risks and support the crypto market.

However, there’s a risk this rally is a “dead-cat bounce,” a temporary rebound before a continued downtrend. Investors should stay cautious.