Bitcoin Soars to $115K: Surprising Shift as Global Tensions Ease

Bitcoin Recovers as US-China Tariff Fears Ease

bitcoin’s price surged back above $115K on Monday. This rebound followed a sharp decline over the weekend, sparked by U.S.-China trade tensions.

On Friday, Bitcoin plummeted nearly 15%, falling from $121,560 to below $103,000. The drop was triggered by President Trump’s declaration of a potential 100% tariff on Chinese imports. this move raised concerns about a new trade war,causing panic in the crypto market.

However, the situation improved as the likelihood of the tariffs being implemented dropped. According to crypto.news, Bitcoin bounced back above the $115K mark on Monday morning. This recovery was partly due to Trump’s recent post on Truth Social, where he reassured that the U.S. aims to “help China, not hurt it.”

As a result, the Crypto Fear & Greed Index moved from “extreme fear” to just “fear,” indicating a shift in market sentiment. Major altcoins like Ethereum, BNB, XRP, and Solana also saw gains of 7-13%, boosting the total crypto market cap back above $4 trillion.

Analysts are now optimistic about Bitcoin’s future. Mister Crypto noted that Bitcoin is “retesting the golden cross,” a bullish pattern that has historically led to notable price increases. If Bitcoin holds above this key level, its price could surge dramatically in the coming weeks.

For now, the market seems to be recovering, but investors should stay cautious.The crypto market remains volatile, and any new developments in the U.S.-China trade relationship could impact prices.