- Cryptocurrencies rose 3-5% amid hopes for a U.S.-China trade deal, with Bitcoin reaching $115,500.
- The U.S. and China made “substantial progress” on a trade framework, aiming for a signing in November with phased tariff rollbacks.
- Major crypto assets like Bitcoin, Ethereum, and Solana saw significant price gains, contributing to a $150 billion increase in total market capitalization.
- Risk assets gained as safe-havens like Gold and treasuries declined, marking a market rotation toward growth investments.
- Additional notable crypto events include partnerships, token launches, meme coin rallies, and NFT market movements.
Crypto markets surged over the weekend following reports that the U.S. and China have made significant progress on a new trade deal. Negotiators are targeting a possible signing in November, with plans for tariffs to be reduced in stages. This development prompted major cryptocurrencies to rally sharply.
Bitcoin rose above $115,000, a roughly 5% increase. Ethereum climbed back above $4,100, and Solana surpassed $200. These gains helped the overall crypto market capitalization expand by about $150 billion during this period.
The trade deal optimism also caused declines in traditionally safer assets. U.S. Treasury bonds sold off, and gold prices fell, indicating investors shifted from safe-haven assets toward higher-risk growth opportunities. Cryptocurrency gains have outpaced broader stock market performance so far.
“Markets were pricing in escalation—not de-escalation. Any sign of trade cooling is bullish for risk assets,” stated CrossBorder Capital. A note from QCP Capital described Bitcoin as behaving like “high-beta macro exposure,” reacting positively when global liquidity improves. Matrixport Research commented that the U.S.–China thaw arrives as crypto liquidity is already increasing, potentially setting the stage for a strong fourth-quarter.
In related industry news, Rumble partnered with Tether to enable crypto tipping for creators. Pump Fun acquired Padre and announced a token snapshot for holders. MegaETH unveiled tokenomics and key performance indicators ahead of its initial coin offering.
Meme coins showed mixed but generally positive activity, with leading tokens such as DOGE, Shiba Inu, and PEPE increasing by about 1-2%. The token CLANKER, acquired by Farcaster, surged more than 400% to $115. Solana-based AI tokens also rallied, including PAYAI (up 35%) and AVB (up 85%).
Within the NFT market, top collections showed slight gains. CryptoPunks rose 1% to 39 ETH (about $109,000), Pudgy Penguins increased 3% to 7.3 ETH, while BAYC declined 2% to 7 ETH. Influential figures like LinkedIn founder Reid Hoffman purchased CryptoPunk avatars. Pudgy Penguins announced a partnership with Dreamworks’ Kung Fu Panda. Additionally, a Plush Pepe NFT sold for $230,000.
These developments suggest renewed investor interest across multiple crypto sectors, tied closely to positive geopolitical signals.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- Has Shiba Inu Awakened from Its 1-Cent Ambition? Was It Achievable?
- UK Targets Crypto Fraud with Advanced Blockchain Intelligence in 2025
- Tesla Chair Warns Musk May Leave if $1T Pay Package Is Rejected
- Crypto ETPs See $921M Inflows on Lower US Inflation Data
- China’s Yuan Ranks Second Behind Dollar in Worldwide Trade Finance
