Risk Appetite Returns: Bitcoin Climbs Past $113K While SOL, ADA, ETH Rally on US–China Trade Breakthrough

Analytical / Macro Tone

Risk Appetite Returns as US–China Trade Progress Lifts Bitcoin to Two-Week High

Bitcoin climbed to $113,000 in late Asian trading on Sunday, buoyed by signs of thawing trade relations between the US and China.

After two days of negotiations in Malaysia, officials from both sides said they had reached a “preliminary consensus” on major trade disputes. Treasury Secretary Scott Bessent told CBS that Trump’s proposed 100% tariffs on Chinese imports are now “off the table,” reducing fears of another escalation.

The risk-on mood rippled through global markets — equity futures rose, gold pulled back, and digital assets rallied broadly.

Ethereum (ETH) advanced 2.6%, BNB and Solana (SOL) added more than 4%, and XRP gained 2.3%, while Tron’s TRX slipped nearly 3%. The CoinGecko total crypto market cap climbed 1.8% to $3.72 trillion.

Market watchers say the move reflects relief after weeks of volatility tied to interest rate expectations and geopolitical strain. However, attention now shifts to the Federal Reserve’s rate decision, due later this week, which could determine whether risk assets sustain their rebound.