"Bitcoin price surged to $115,000 on Monday, rising more than 1% in 24 hours, as optimism over easing U.S.-China trade tensions and renewed investor appetite for risk assets lifted global markets. According to Geoffrey Kendrick, Head of Digital Asset Research at Standard Chartered Bank, Bitcoin price may "never fall below $100,000 again" if this week's macro tailwinds continue. In a note to clients, Kendrick said that improving trade relations between Washington and Beijing have flipped last week's market fear into "hope.""
"U.S. Treasury Secretary Scott Bessent's weekend statement that restrictions on China's rare earth exports could be postponed for a year, combined with reports that Beijing plans to buy large quantities of U.S. soybeans, sparked a relief rally across equities, commodities, and crypto. The agreement, expected to be finalized after the upcoming Trump-Xi summit in South Korea, has renewed risk appetite and pushed the bitcoin-to-gold ratio back above pre-October 10 levels - the date when 100% tariff threats sent markets tumbling."
"Kendrick pointed to fresh inflows into spot bitcoin ETFs as another key signal of strength. Over $2 billion exited U.S. gold ETFs late last week, and if even half of that re-enters bitcoin funds, he said, it would mark a major vote of confidence. The analyst also highlighted macro tailwinds, including expectations for a 25-basis-point rate cut at Wednesday's Federal Open Market Committee (FOMC) meeting - a move widely seen as bullish for bitcoin."
Bitcoin price rose to $115,000, up more than 1% in 24 hours, driven by easing U.S.-China trade tensions and renewed investor risk appetite. A statement on postponing restrictions on China's rare earth exports and reports of large U.S. soybean purchases by Beijing triggered a broad relief rally across equities, commodities, and crypto. An agreement expected after the Trump-Xi summit pushed the bitcoin-to-gold ratio above pre-October 10 levels. Fresh inflows into spot bitcoin ETFs and the prospect of a 25-basis-point FOMC rate cut added bullish momentum, prompting projections that bitcoin may remain above $100,000 if tailwinds persist.
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