
{"id":107833,"date":"2025-10-26T12:06:43","date_gmt":"2025-10-26T12:06:43","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=107833"},"modified":"2025-10-26T12:06:43","modified_gmt":"2025-10-26T12:06:43","slug":"bitcoin-soars-above-113k-as-us-secretary-hints-at-china-trade-deal","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=107833","title":{"rendered":"Bitcoin Soars Above $113K as US Secretary Hints at China Trade Deal"},"content":{"rendered":"<p>Bitcoin\u2019s unexpected Sunday pump continues as the asset surged past $113,000 minutes ago for the first time since Tuesday.<\/p>\n<p>This comes following positive news from US Secretary Bessent, who noted that China is ready to make a deal that will remove the 100% tariff imposed by the POTUS.<\/p>\n<p>BREAKING: US Treasury Secretary Bessent says China is \u201cready\u201d to make a trade deal with the US after 2 days of negotiations.<\/p>\n<p>Bessent says the agreement will remove President Trump\u2019s 100% tariff set to go live November 1st.<\/p>\n<p>\u2014 The Kobeissi Letter (@KobeissiLetter) <a href=\"https:\/\/twitter.com\/KobeissiLetter\/status\/1982411220830589183?ref_src=twsrc%5Etfw\">October 26, 2025<\/a><\/p>\n\n<p>Recall that Donald Trump <a href=\"https:\/\/cryptopotato.com\/250m-liquidated-hourly-bitcoin-crashes-below-120k-as-trump-threatens-china\/\">shocked<\/a> the financial markets on October 10 when he claimed that China was deceitful in some sensitive economic areas and warned that the US would impose a 100% tariff against several products. Later, he confirmed the new taxation, which was supposed to become official on November 1.<\/p>\n<p>However, the leaders of the two superpowers have scheduled a meeting this week in Europe. In the meantime, both parties\u2019 delegations have met on a couple of occasions to discuss the terms.<\/p>\n<p>According to a Reuters <a href=\"https:\/\/www.reuters.com\/world\/china\/ustr-greer-says-trade-talks-with-china-moving-toward-agreement-leaders-review-2025-10-26\/\">report<\/a> from earlier today, the POTUS said he was confident of striking a deal with President Xi Jinping, after top economic officials reached a preliminary consensus in the trade talks.<\/p>\n<p>The Kobeissi Letter <a href=\"https:\/\/x.com\/KobeissiLetter\/status\/1982408643774644400\">noted<\/a> that this is the 10th and final step of Trump\u2019s tariff plan, which includes announcing a new deal and a subsequent surge in the financial markets.<\/p>\n<p>Since most of them are closed on Sunday, the only beneficiary for now is the crypto industry. The leader, bitcoin, has rocketed to a multi-day peak of almost $113,500 after breaking past $112,000 and $113,000 earlier today. The asset <a href=\"https:\/\/cryptopotato.com\/bitcoin-crash-sparks-largest-liquidation-in-crypto-history-19b-gone-and-counting\/\">plunged<\/a> hard during the October 10 massacre, dropping to as low as $101,000 on some exchanges.<\/p>\n<p><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/10\/BTCUSD-17.png\"><\/a>BTCUSD. Source: TradingView<\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/bitcoin-soars-above-113k-as-us-secretary-hints-at-china-trade-deal\/\">Bitcoin Soars Above $113K as US Secretary Hints at China Trade Deal<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\">CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s unexpected Sunday pump continues as the asset surged past $113,000 minutes ago for the first time since Tuesday. This comes following positive news from US Secretary Bessent, who noted that China is ready to make a deal that will remove the 100% tariff imposed by the POTUS. BREAKING: US Treasury Secretary Bessent says China [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":107834,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-107833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/107833"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=107833"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/107833\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/107834"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=107833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=107833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=107833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}