Donald Trump

Bitcoin

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Bitcoin’s unexpected Sunday pump continues as the asset surged past $113,000 minutes ago for the first time since Tuesday.
This comes following positive news from US Secretary Bessent, who noted that China is ready to make a deal that will remove the 100% tariff imposed by the POTUS.
<blockquote class="twitter-tweet">
 BREAKING: US Treasury Secretary Bessent says China is “ready” to make a trade deal with the US after 2 days of negotiations.
 Bessent says the agreement will remove President Trump’s 100% tariff set to go live November 1st.
 — The Kobeissi Letter (@KobeissiLetter) <a href="https://twitter.com/KobeissiLetter/status/1982411220830589183?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 26, 2025</a>
</blockquote>

Recall that Donald Trump <a href="https://cryptopotato.com/250m-liquidated-hourly-bitcoin-crashes-below-120k-as-trump-threatens-china/" rel="noopener noreferrer nofollow">shocked</a> the financial markets on October 10 when he claimed that China was deceitful in some sensitive economic areas and warned that the US would impose a 100% tariff against several products. Later, he confirmed the new taxation, which was supposed to become official on November 1.
However, the leaders of the two superpowers have scheduled a meeting this week in Asia. In the meantime, both parties’ delegations have met on a couple of occasions to discuss the terms.
According to a Reuters <a href="https://www.reuters.com/world/china/ustr-greer-says-trade-talks-with-china-moving-toward-agreement-leaders-review-2025-10-26/" rel="noopener noreferrer nofollow">report</a> from earlier today, the POTUS said he was confident of striking a deal with President Xi Jinping, after top economic officials reached a preliminary consensus in the trade talks.
The Kobeissi Letter <a href="https://x.com/KobeissiLetter/status/1982408643774644400" rel="noopener noreferrer nofollow">noted</a> that this is the 10th and final step of Trump’s tariff plan, which includes announcing a new deal and a subsequent surge in the financial markets.
Since most of them are closed on Sunday, the only beneficiary for now is the crypto industry. The leader, bitcoin, has rocketed to a multi-day peak of almost $113,500 after breaking past $112,000 and $113,000 earlier today. The asset <a href="https://cryptopotato.com/bitcoin-crash-sparks-largest-liquidation-in-crypto-history-19b-gone-and-counting/" rel="noopener noreferrer nofollow">plunged</a> hard during the October 10 massacre, dropping to as low as $101,000 on some exchanges.
<figure style="width: 100%" class="wp-caption alignnone">
 <a href="https://cryptopotato.com/wp-content/uploads/2025/10/BTCUSD-17.png" rel="noopener noreferrer nofollow"><img src="https://cryptopotato.com/wp-content/uploads/2025/10/BTCUSD-17.png" alt="BTCUSD. Source: TradingView" width="1835" height="909"></a>
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 BTCUSD. Source: TradingView
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The post <a href="https://cryptopotato.com/bitcoin-soars-above-113k-as-us-secretary-hints-at-china-trade-deal/" rel="noopener noreferrer nofollow">Bitcoin Soars Above $113K as US Secretary Hints at China Trade Deal</a> appeared first on <a href="https://cryptopotato.com/" rel="noopener noreferrer nofollow">CryptoPotato</a>.

Bitcoin Soars Above $113K as US Secretary Hints at China Trade Deal

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