Bitcoin is back in the green as traders welcome signs of peace between the United States and China. The world’s biggest crypto is now trading around $113,800, up about 2% in the last 24 hours.
The move comes after both countries signaled a softer tone on trade talks, calming fears of new tariffs and giving investors a reason to take on more risk. Stocks and crypto both reacted positively, with Bitcoin leading the rally.
Analysts say this rise is mostly about improving market mood. When global tensions cool down, traders often move money into assets like Bitcoin that can grow faster when fear fades.
Still, the situation isn’t completely settled negotiations are ongoing, and any setback could quickly turn the market the other way. Bitcoin’s next key level to watch is around $115,000 for resistance, while $111,000 is seen as short-term support.
I’m seeing growing confidence right now, but it’s cautious confidence. If trade talks stay positive and US inflation numbers remain steady, Bitcoin could keep climbing. But if talks fall apart or macro data turns negative, we could see another pullback.