Bitcoin Tops $113K, SOL, ADA, ETH Jump as US–China Trade Progress Lifts Risk Appetite

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bitcoin Tops $113K, SOL, ADA, ETH Jump as US–China Trade Progress Lifts Risk Appetite That risk sentiment across global markets. US and Asian equity futures advanced, and gold pulled back slightly from recent highs as traders rotated back into risk assets. By Shaurya Malwa Updated Oct 26, 2025, 12:55 p.m. Published Oct 26, 2025, 12:55 p.m. What to know : Bitcoin surged above $113,000, its highest in nearly two weeks, amid progress in US-China trade talks. Top negotiators reached a preliminary consensus on key issues, easing fears of new tariffs. The broader crypto market cap rose 1.8% as traders welcomed relief from geopolitical tensions. Bitcoin climbed above $113,000 in late Asian hours Sunday, its highest in nearly two weeks, as traders welcomed signs of progress in US–China trade talks that eased fears of another tariff spiral. Top negotiators from both nations said they had reached a “preliminary consensus” on several contentious issues — including export controls, fentanyl, and shipping levies — while US Treasury Secretary Scott Bessent told CBS that President Donald Trump’s threat of 100% tariffs on Chinese goods is “effectively off the table.” STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The comments came after two days of talks in Malaysia and ahead of a planned Trump–Xi meeting to finalize a broader deal. That risk sentiment across global markets. US and Asian equity futures advanced, and gold pulled back slightly from recent highs as traders rotated back into risk assets. Crypto joined the move higher, with ether ETH $ 4,074.22 adding 2.6% to trade near $4,060, while BNB and Solana SOL $ 198.11 gained roughly 4.5% each. XRP jumped 2.3% to $2.64, extending last week’s rally tied to ETF optimism. Tron’s TRX was the lone major token in red, down 2.9%. The broader crypto market cap rose 1.8% to $3.72 trillion, CoinGecko data shows, reversing some of the declines that followed this month’s liquidation cascade. Analysts say the easing trade rhetoric has given traders breathing room after weeks of macro-driven volatility. With the Federal Reserve’s next policy meeting less than a week away, a sustained breakout likely depends on how dovish the central bank’s tone turns. For now, relief on the geopolitical front has been enough to let crypto exhale — and keep bitcoin’s October from ending in its worst since 2015 . More For You OwlTing: Stablecoin Infrastructure for the Future By CoinDesk Research Oct 16, 2025 Commissioned by OwlTing Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent. View Full Report More For You Bitcoin Shines as a 'Liquidity Barometer,' Not an Inflation Hedge, NYDIG Says By Francisco Rodrigues | Edited by Aoyon Ashraf 56 minutes ago Gold, traditionally seen as an inflation hedge, also shows inconsistent and often negative correlations with inflation, the data shows. What to know : NYDIG's data shows that bitcoin's price is not strongly correlated with inflation, challenging the narrative that it serves as a reliable inflation hedge. Gold, traditionally seen as an inflation hedge, also shows inconsistent and often negative correlations with inflation. Both bitcoin and gold are more influenced by real interest rates and money supply. Bitcoin, in particular, has shown a strengthening inverse relationship with real interest rates as it integrates more into the financial system. 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