$BTC Rebounds Above $114K as Trump Softens Tariff Stance


$BTC reclaimed the $114,000 level on Monday as global markets staged a broad recovery following President Donald #Trump's decision to walk back tariff threats against China. The cryptocurrency climbed back from weekend lows while traditional equities posted their strongest session since May.


Digital asset markets absorbed significant losses over the weekend after Trump's Friday announcement rattled investor sentiment. Total crypto #marketcapitalization plunged nearly 11% from approximately $4.24 trillion to $3.78 trillion before recovering to reclaim the $4 trillion mark by Monday morning. $ETH traded above $4,100 as risk appetite returned across financial markets.


The S&P 500 surged more than 1.5% in early trading, adding roughly $850 billion in market value. This optimism extended to crypto-related equities, with #Bitcoin mining stocks leading the charge higher. Bitfarms and Cipher Mining surged 22% and 17%, respectively, while Marathon Digital Holdings and Hut 8 each gained nearly 10% on the session.


Precious metals outperformed most asset classes during the recovery. #Gold hit a fresh all-time high above $4,120 while silver futures contracts approached their own record near $50. Kevin Rusher, founder of real-world-asset platform RAAC, noted that gold's performance highlights its enduring appeal during periods of #volatility.


Treasury Secretary Scott Bessent helped calm markets by stating that 100% tariffs on Chinese imports "don't have to happen." Senior administration officials emphasized that U.S.-China relations remain stable, marking a sharp reversal from Friday's tone when Trump's social media posts reignited fears of an escalating trade conflict.


Beijing clarified over the weekend that its export restrictions were limited in scope and not a comprehensive export ban.

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October 14, 2025 at 3:19 AM
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