Crypto News: Bitcoin Tops $113K as US–China Trade Progress Boosts Risk Appetite; SOL, ADA, ETH Lead Gains

Bitcoin (BTC) surged above $113,000, its highest level in nearly two weeks, as progress in U.S.–China trade negotiations lifted global risk sentiment and fueled a broad rally across crypto markets.Key TakeawaysBitcoin jumped above $113,000, its strongest since mid-October, amid easing U.S.–China trade tensions.Top negotiators reached a preliminary consensus on key trade issues, reducing fears of new tariffs.Ethereum (ETH), Solana (SOL), and Cardano (ADA) led altcoin gains as global markets turned risk-on.The total crypto market cap rose 1.8% to $3.72 trillion, reversing part of this month’s losses.Bitcoin Rallies as Trade Talks Ease TensionsBitcoin climbed above $113,000 in late Asian trading hours on Sunday, driven by optimism that Washington and Beijing are moving closer to resolving their trade disputes.The benchmark cryptocurrency reached its highest level in nearly two weeks, extending a rebound that began after cooler U.S. inflation data last week.Top negotiators from both countries announced they had reached a “preliminary consensus” on several sensitive issues — including export controls, fentanyl regulation, and shipping levies — following two days of talks in Malaysia.U.S. Treasury Secretary Scott Bessent told CBS that President Donald Trump’s threat of 100% tariffs on Chinese imports is “effectively off the table,” signaling a thaw in tensions ahead of a planned Trump–Xi summit to finalize a broader deal.Risk Assets Recover as Gold RetreatsThe trade breakthrough boosted risk appetite across global markets.U.S. and Asian equity futures advanced, while gold retreated slightly from recent highs as investors rotated capital back into risk assets.“Markets were positioned for another escalation,” said a Hong Kong–based macro trader. “Now that’s off the table, we’re seeing the natural unwind — risk-on rotation, weaker gold, stronger equities, and crypto catching a bid.”Crypto Market Joins Global ReboundThe broader crypto market cap rose 1.8% to $3.72 trillion, according to CoinGecko, as traders welcomed macro relief after weeks of volatility tied to liquidation cascades and ETF outflows.Ethereum (ETH) added 2.6%, trading near $4,060.BNB and Solana (SOL) both climbed around 4.5%, with Solana near $199.XRP rose 2.3% to $2.64, extending its ETF-linked rally.Cardano (ADA) and Avalanche (AVAX) also posted modest gains, while Tron (TRX) was the only major token in red, down 2.9%.Fed Meeting Looms as Traders Eye Dovish SignalsAnalysts say easing trade rhetoric has given markets room to breathe after weeks of macro-driven turbulence. However, with the Federal Reserve’s policy meeting less than a week away, traders remain cautious.“A sustained breakout for Bitcoin will depend on how dovish the Fed sounds next week,” said Vincent Liu, CIO at Kronos Research.“For now, the market’s relieved — but the real catalyst will come from the central bank, not the trade desk.”If current momentum holds, October could avoid becoming Bitcoin’s worst-performing month since 2015, marking a notable turnaround for risk assets heading into November.