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Bitcoin Surges 5% Amid U.S.-China Tariff Tensions
Key Points:
- Bitcoin enters the week influenced by U.S. tariff negotiations with China and a recent large-scale crypto liquidation.
- The White House's tariff actions match a detailed market cycle, with reassurance from the Treasury post-market opening on Monday.
- Recent tariff threats by President Trump caused significant market downturns, including a $19 billion crypto liquidation.
- Weekend developments included continued U.S.-China tensions followed by Trump's easing rhetoric, aligning with a typical market recovery pattern.
- Bitcoin rebounded 5% to $115,000; Ethereum saw an 11% increase, nearing pre-liquidation levels.
- Market focus will be on statements from Treasury Secretary Scott Bessent, who aims to stabilize market reactions.
- Investors are advised to follow the tariff negotiation developments closely as they can significantly affect market movements.
At the time of reporting, Bitcoin is trading at $113,979.
