Bitcoin Reclaims $115,000 as US–China Trade Hopes Lift Markets

Bitcoin surged over the weekend, increasing by 3.5% to $115,400 as optimism surged from easing U.S.–China trade tensions. Officials from both nations achieved a preliminary framework agreement in Malaysia, enhancing risk appetite across international markets. Despite this rally, Bitcoin remains about 6.5% below its October 6 all-time high of $126,000. Analysts, however, caution that while market sentiment on Myriad showed a tilt toward greed, on-chain indicators have yet to confirm this price rebound. The CEO of Republic Technologies noted that the bullish sentiment around trade talks may temporarily uplift risk assets like Bitcoin, viewed as a high-beta macro asset. Data suggests a shift in market dynamics, with accumulation from larger holders continuing despite earlier market downturns. Analysts from Tiger Research anticipated short-term volatility linked to ongoing discussions at the APEC summit and maintained a bullish outlook for Bitcoin, forecasting a potential $200,000 target attributed to global liquidity expansions and institutional inflows.

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