Trump-Xi Effect Drives Crypto Market Rebound
The crypto market rebounded on Monday. Bitcoin rose around 1.2% and broke through the $114,000 area, breaking out of the $100,000-$110,000 range that had held prices down for most of October. This surge occurred as global risk sentiment improved after the US and China outlined the initial framework for a trade deal, which is seen as easing tariff tensions and the technology war ahead of the Trump-Xi meeting this week.
This trade optimism coincided with macroeconomic factors: the latest US inflation figures came out slightly more benign than expected, and the market is now almost certain the Federal Reserve will cut interest rates again this week. Expectations of lower interest rates have led investors to seek riskier assets, including crypto. Analysts cited the "lower rates + easing geopolitical tensions" environment as the combination that drove speculative interest back into Bitcoin after the sharp correction in early October.
This rally was also felt in altcoins. Ether surged more than 2% and traded around $4,200, while other major coins like BNB, Solana, Cardano, XRP, and even memecoins like Dogecoin also rallied. The market interpreted this as not just a technical rebound, but a capital rotation away from "panic mode" and returning to a narrative of loose liquidity. Simply put, if the Fed truly becomes more dovish and the US and China don't retaliate with tariffs, crypto traders see room for further upside until the end of the month.
Source: Newsmaker.id
