🌏 BTC, ETH, XRP Bounce Back as US-China Trade Talks Loom

US-China trade discussions are in their second session, with the goal of going beyond tariffs.

Bitcoin had its highest level since May 29 after a brief bullish surge over the weekend.

Ethereum continues its ascent over $2,500 after retracing to $2,476.

XRP falls marginally, but the MACD indicator is still showing a buy signal on Saturday.

The Bitcoin market rose on Monday after a short weekend run. Bitcoin's (BTC) price rises beyond $106,000, signifying a possible breakout above $110,000 as investors await the second round of US-China trade negotiations.

Prices of key cryptocurrencies, including Ethereum (ETH) and Ripple (XRP), rose more than 1% and recovered some losses from Monday's Asian session.

Market overview: US-China trade negotiations

On Monday, top US and Chinese officials will hold the second round of trade negotiations in London to deescalate the high-stakes trade war that has become a global economic battle.

"The next round of trade talks between the U.S. and China will be held in the UK on Monday," a UK government spokeswoman told Reuters on Sunday. "We are a nation that champions free trade and have always been clear that a trade war is in nobody's interests, so we welcome these talks."

Washington and Beijing will try to prolong the provisional accord negotiated in Geneva in May, which eased tensions. After Trump's tariffs caused an April drop, markets recovered, calming investors.

Vice Premier He Lifeng, Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer are slated to attend the conversation.

Bitcoin is over $106,000, indicating confidence about trade discussions after President Trump and President Xi spoke by phone last week.

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