Bitcoin (BTC) climbed above $110,000, marking a fresh monthly high and a 6.05% gain over the past 30 days, as optimism surrounding U.S.-China trade negotiations helped lift market sentiment.
The price jump comes after U.S. officials, including President Trump and Treasury Secretary Scott Bessent, offered encouraging—if vague—updates on the first round of talks held in London.
Trade Talks Renew Risk Appetite
Following six hours of closed-door discussions on Monday, the U.S. and China resumed negotiations Tuesday, focusing heavily on rare earth mineral exports and technology trade restrictions. The stakes are high, with both countries maneuvering to secure leverage over critical materials and export policies.
Trump struck a cautiously upbeat tone, telling reporters he received “good reports” from the negotiating team, but added that “China’s not easy.” Bessent echoed the sentiment, calling it a “good meeting,” while Commerce Secretary Howard Lutnick described the talks as “fruitful.” Though no formal agreements have been reached, the remarks appear to have boosted risk-on sentiment in crypto markets.
Market Snapshot at the time of writing
- Price: $109,496.50
- 24H Volume: $51.99B (+44.10%)
- Market Cap: $2.17T (+2.97%)
Technical Breakout
Bitcoin’s rally builds on momentum from the $104,000–$105,000 support zone, with the latest surge clearing key resistance from late May. A spike in trading volume—up over 44% in the past 24 hours—suggests renewed market conviction. The bullish breakout could pave the way for a test of the next psychological milestone at $110,000, especially if macroeconomic tailwinds continue.
While the Chinese delegation, led by Vice Premier He Lifeng, has remained silent on the progress of the negotiations, the overall tone from U.S. officials has been enough to inject optimism into global markets, with BTC acting as a leading barometer for investor sentiment in uncertain times.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/bitcoin-surges-above-109500-as-u-s-china-trade-talks-show-signs-of-progress/