Bitcoin Tops $113K as Trade Progress Lifts Market Sentiment
Bitcoin surged past $113,000 on October 26, marking its highest point in nearly two weeks amid positive developments in US-China trade discussions. Key negotiators announced a preliminary consensus on critical issues, alleviating concerns over potential new tariffs. This sentiment boost extended to the broader cryptocurrency market, with a total market cap increase of 1.8% to $3.72 trillion. Ether also saw a notable rise, adding 2.6%, while both BNB and Solana experienced gains around 4.5%. XRP maintained momentum with a 2.3% jump. Market analysts noted that the easing of trade tensions provided temporary relief to traders amid ongoing macroeconomic volatility, with the upcoming Federal Reserve meeting expected to significantly influence market direction. As traders returned to risk assets, gold retreated slightly from recent highs, indicating a shift in market focus.
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