Crypto prices today: Bitcoin tops $105K on US-China trade optimism; Altcoins mixed
Bitcoin surged above $105,000 on Monday, driven by growing optimism around U.S.-China trade talks and increasing interest in the broader cryptocurrency market.
As of midday trading (IST), the world’s leading cryptocurrency was hovering around $103,914 after touching an intraday high of $105,039. $BTC
Global financial markets also reacted positively to reports that the U.S. may reduce tariffs on Chinese imports. Although no deal has been finalised, hopes of a rollback to earlier levels are raising expectations that a global recession might be avoided.
“The market is still bullish, especially with a possible U.S.-China trade deal on the way,” said Vikram Subburaj, CEO of Giottus Crypto Platform. “If Bitcoin stays above $105,000, it could hit new highs soon.” $ETH
Bitcoin’s market capitalisation rose to $2.067 trillion, with daily trading volume increasing 4% to $46.32 billion. The overall cryptocurrency market cap now stands at $3.46 trillion, though it slipped slightly by 2% in the past 24 hours.
Technical analysts say Bitcoin is gaining strong upward momentum. Piyush Walke, Analyst at Delta Exchange, pointed out that Bitcoin recently broke out of a bullish chart pattern. “If the breakout holds, Bitcoin could rise to $115,600,” he said, while noting that resistance could emerge near the $107,000 level. $XRP