Bitcoin Price Today Surges to $115K Amid US-China Trade Deal Hopes and Fed Rate Cut Buzz

Bitcoin rallied sharply on Monday, mirroring gains across global markets as

investors cheered progress in U.S. China trade relations and bet on a Federal Reserve rate cut later this week.

The world’s largest cryptocurrency climbed 3.5% to $115,504 by 01:22 ET (05:22 GMT), breaking above its October range of $100,000 to $110,000.

Over the weekend, officials from the U.S. and China announced that they had reached a framework trade deal,

The agreement reportedly covers key issues such as rare earth export curbs, U.S. tariffs, and shipping costs

and will be expanded upon when Donald Trump and Xi Jinping meet later this week in South Korea.

The development boosted risk appetite across global markets. Although cryptocurrency prices aren’t directly tied to trade policies

Federal Reserve will deliver a 25-basis-point rate cut during its upcoming meeting.

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