Bitcoin Rally: $113K Breakout on US-China Trade Talks

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Bitcoin’s unexpected Sunday pump continues as the asset surged past $113,000 minutes ago for the first time since Tuesday.

This comes following positive news from US Secretary Bessent, who noted that China is ready to make a deal that will remove the 100% tariff imposed by the POTUS.

Recall that Donald Trump shocked the financial markets on October 10 when he claimed that China was deceitful in some sensitive economic areas and warned that the US would impose a 100% tariff against several products. Later, he confirmed the new taxation, which was supposed to become official on November 1.

However, the leaders of the two superpowers have scheduled a meeting this week in Asia. In the meantime, both parties’ delegations have met on a couple of occasions to discuss the terms.


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