Crypto Market Rises with Risk Assets as Bitcoin Clears $113K, SOL and ETH Extend Gains Amid US–China Trade Optimism

Bitcoin Breaks Above $113K as US–China Trade Talks Lift Market Mood

Bitcoin (BTC) surged past $113,000 on Sunday, hitting its highest level in nearly two weeks as optimism over renewed progress in US–China trade negotiations sparked a wave of buying across global risk assets.

Top officials from both countries said they had reached a “preliminary consensus” on key issues including export controls, fentanyl regulation, and shipping tariffs. US Treasury Secretary Scott Bessent added that President Donald Trump’s proposed 100% tariffs on Chinese goods are now “effectively off the table,” easing fears of a renewed trade escalation.

The announcement came after two days of talks in Malaysia, ahead of a planned Trump–Xi meeting aimed at finalizing a broader trade agreement.

The improved tone in global trade discussions lifted US and Asian equity futures, while gold prices retreated from recent highs as investors shifted back into riskier assets.

In crypto markets, ether (ETH) climbed 2.6% to $4,060, BNB and Solana (SOL) advanced around 4.5%, and XRP gained 2.3% to $2.64, continuing its ETF-fueled rally. Tron’s TRX, however, declined 2.9%, standing out as the day’s laggard.

The broader crypto market cap rose 1.8% to $3.72 trillion, according to CoinGecko, recovering part of the drawdown from this month’s liquidation-driven volatility.

Analysts say the easing trade rhetoric has provided traders with a breather after weeks of macro uncertainty. Still, the Federal Reserve’s upcoming policy decision remains a key risk event, as investors watch for any hint of a softer stance on rates.

For now, the shift in geopolitical tone has helped restore some confidence — keeping Bitcoin’s October from turning into its weakest monthly close in a decade.

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