KUALA LUMPUR / LONDON (IT BOLTWISE) – Recent talks between the US and China have buoyed markets, leading to a rise in Bitcoin price to $115,000. This development reflects growing confidence that trade relations between the world’s two largest economies could ease. Despite the increase, uncertainty remains as on-chain activity is yet to fully confirm the price increase.
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The Bitcoin market saw a notable rise over the weekend as the price of the cryptocurrency rose 3.5% to $115,400. This development was triggered by growing hopes for an easing of trade relations between the USA and China. The two countries reached an interim framework agreement in Malaysia that has increased risk appetite in global markets.
Market watchers on the Myriad platform, run by Dastan, showed a bias toward greed, with sentiment rising to 60% on Sunday before settling at 57.4%. However, analysts warn that on-chain activity does not yet confirm the recent price increase, making the near-term trajectory uncertain.
Daniel Liu, CEO of Republic Technologies, emphasized that the rise in Bitcoin price says more about the psychology of liquidity than fundamental trading conditions. He explained that there is no direct connection between the tariff negotiations and the demand for cryptocurrencies. Rather, it is a reflexive move by traders betting on a softer macroeconomic environment and looser financial conditions.
Although the US-China trade talks have improved market sentiment, key indicators such as transaction count and active users show some vulnerability. Nevertheless, analysts at Tiger Research remain optimistic for the fourth quarter, predicting a Bitcoin price of $200,000, driven by global liquidity expansion and institutional inflows.
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