Bitcoin News Today: Crypto Market Surges as US-China Trade Deal Eases Global Supply Chain Fears

The cryptocurrency market surged on optimism surrounding a preliminary trade framework between the United States and China, with major digital assets posting gains as global supply chain risks eased. The total crypto market cap climbed to $3.83 trillion, a 1.77% increase in 24 hours, as investors reacted to what officials described as "successful" negotiations, according to a TradingView report. Bitcoin (BTC) rose to $113,367, up 1.59%, while Ethereum (ETH) and XRP saw gains of 2.7% and 11% respectively over the week, the TradingView piece added.

The breakthrough came during President Donald Trump's first Asian tour of his second term, where he signed trade agreements with Malaysia and oversaw a peace declaration between Thailand and Cambodia, and China agreed to delay rare earth export controls by one year while signaling openness to a formal trade deal that would avert Trump's threatened 100% tariffs. U.S. Treasury Secretary Scott Bessent confirmed the negotiations produced a "very substantial framework" to prevent tariff escalations, adding that Beijing intends to make "substantial" purchases of U.S. soybeans, according to a Finbold report.

"President Trump gave me great negotiating leverage with the tariff threat," Bessent said, noting the framework would allow further discussions on trade issues, Finbold reported. The deal follows weeks of volatility triggered by Trump's October 10 announcement of potential tariffs, which wiped $200 billion from the crypto market in hours, according to a BeInCrypto analysis.

Bitcoin's rebound above $113,000 marked its strongest level in 10 days, with analysts citing renewed buyer control despite subdued trading volume ahead of the Federal Reserve's policy meeting, the TradingView article said. Ethereum surpassed $4,000 for the first time since early October, while Solana (SOL) climbed 3.7% to $197.70, Coinotag reported in its coverage. BNB, Cardano (ADA), and Dogecoin (DOGE) also advanced, reflecting broad-based market confidence.

The trade thaw has alleviated fears of a protracted U.S.-China conflict, historically a major drag on risk assets. Economists highlight that resolving trade tensions removes a key overhang for global markets, particularly for cryptocurrencies sensitive to macroeconomic shifts, as noted in a CoinRepublic piece. "The framework eases one of the biggest global supply chain risks, giving financial markets a clearer path heading into year-end," one analyst noted in the TradingView coverage.

Expert optimism abounds, with figures like Jeff Park of Bitwise predicting new highs for Bitcoin if the trade deal solidifies and the Fed adopts a dovish stance, coverage from Coinotag highlighted. Anthony Pompliano, a crypto commentator, warned of "crazy" price swings if the agreement materializes alongside rate cuts, the same Coinotag coverage added. Institutional investors may also benefit, as stable trade relations could boost blockchain adoption in logistics and finance, the Coinotag piece argued.

However, strategists caution against overconfidence. The Trump-Xi meeting in South Korea this week remains critical, with both leaders facing domestic pressures to deliver tangible outcomes, the CoinRepublic report said. "The deal is more fragile than it appears," one strategist said, noting that a breakdown could reignite volatility as the CoinRepublic piece warned.

As of late Sunday, the crypto market's relief rally showed no signs of abating. Bitcoin held above $113,500, while altcoins like Hyperliquid (HYPE) surged 14.6%, and traders are weighing whether the trade détente will translate into sustained momentum for risk assets ahead of the Federal Reserve's policy meeting, according to a CoinDesk report.