Bitcoin rebounded sharply, recovering 46% of its recent losses, after President Donald Trump softened his rhetoric on trade tensions with China. The cryptocurrency climbed above $115,000 on Monday afternoon, bouncing back from a three-day low of $109,000.
Trump's reassuring comments, including a statement that 'Don’t worry about China, it will all be fine!', were perceived as a de-escalation of previous threats to increase tariffs. This development also sparked a broader market rally, with U.S. stock indexes gaining over 1%.
Bitcoin Surges 46% as Trump Eases China Trade Tensions
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