Bitcoin Surpasses $110,000 as U.S.-China Trade Talks Show Positive Progress

Bitcoin (BTC) surged above $110,000, marking a new monthly high and a 6.05% increase over the past 30 days, as growing optimism surrounding U.S.-China trade negotiations boosted market sentiment.

The rally follows positive—though vague—updates from U.S. officials, including President Trump and Treasury Secretary Scott Bessent, regarding the first round of trade talks in London. After six hours of private discussions on Monday, U.S. and Chinese representatives continued talks on Tuesday, primarily focusing on rare earth mineral exports and technology trade restrictions. Both nations are keen to secure leverage on these critical materials and export policies.

Trump provided a cautiously optimistic update, mentioning he received “good reports” from the negotiating team, though he acknowledged, “China’s not easy.” Bessent echoed the sentiment, calling the meeting “good,” while Commerce Secretary Howard Lutnick described the discussions as “fruitful.” While no formal agreements have been reached, these remarks have seemingly boosted risk-on sentiment in the crypto market.

Bitcoin’s price surge comes from a strong foundation formed at the $104,000–$105,000 support zone, with the recent rise clearing significant resistance from late May. Trading volume has spiked by over 44% in the past 24 hours, signaling renewed market confidence. This breakout could lead to a test of the next psychological milestone of $110,000, particularly if favorable macroeconomic conditions persist.

Though the Chinese delegation, led by Vice Premier He Lifeng, has remained tight-lipped about the progress of the negotiations, the positive tone from U.S. officials has fueled optimism in global markets. Bitcoin has emerged as a leading indicator of investor sentiment during uncertain times.