Bitcoin Rebounds After Weekend Crash as Trump Signals Openness to China Talks
Cryptocurrency markets swung between gains and losses on Monday following last week’s turmoil, sparked by US President Donald Trump’s renewed tariff threats against China.
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Bitcoin was last up 0.4% at $115,550, after plunging as low as $110,000 on Sunday in the wake of Trump’s comments. The world’s largest digital asset had surged to a record high above $125,000 last week before suffering one of the steepest corrections in cryptocurrency history.
Ether, the second-largest token by market value, also recovered ground, trading around $4,200 after sliding below $3,500 over the weekend.
Markets stabilised after Trump struck a more conciliatory tone, signalling that he was open to renewed talks with Chinese President Xi Jinping, saying the situation “will be fine.”
Richard Galvin, co-founder of hedge fund DACM, said: “The rebound is driven by a conciliatory message from Trump.”
