#MarketRebound

Bitcoin recovers above $115,000 as fears of trade escalation between Washington and Beijing ease

Bitcoin (BTC) rose on Monday morning to surpass the $115,000 level again, supported by improved investor sentiment following statements from U.S. President Donald Trump that eased fears of escalating trade tensions with China.

According to data from crypto.news, the largest cryptocurrency in the world regained about 11% of its value in recent hours, after having dropped around 15% over the weekend, falling below $103,000. This decline came after Trump's announcement of a 100% tariff on Chinese imports, which could take effect in November, aiming to restrict exports of rare minerals necessary for semiconductor manufacturing.

The decision triggered a wave of concern in global markets, leading investors to shy away from high-risk assets, resulting in the liquidation of trading positions worth over $20 billion in cryptocurrency markets. Panic also intensified after a temporary outage on the Binance platform showed prices of some alternative coins at “zero”, before later reports suggested that the glitch might have been the result of a coordinated attack.