BREAKING NEWS: Bitcoin’s price has soared to over $116,000, driving a surge in cryptocurrency stocks as optimism grows around U.S.-China trade negotiations. The surge comes on the heels of President Donald Trump‘s hopeful remarks regarding a potential deal with China that could ease tariffs on critical rare-earth materials.
Trading data shows Bitcoin reached a peak of $116,200 before settling at approximately $115,000. This surge follows a weekend of positive commentary from Trump and Treasury Secretary Scott Bessent, who indicated that progress is being made in talks aimed at resolving ongoing trade tensions.
In the wake of this news, crypto-related stocks are gaining ground. Robinhood has seen its stock rise by 5%, while companies like Hut 8, CleanSpark, and IREN are up by 2% to 3%. Traditional markets are also responding positively, with the Nasdaq climbing 1.5% and the S&P 500 increasing by 1%.
Trump expressed optimism during a press conference, stating, “I really feel good” about reaching a deal that allows China to continue supplying the U.S. with rare-earth magnets. These materials are essential for technologies ranging from electric vehicles to smartphones. The negotiations are crucial as China currently controls about 70% of global production of these elements.
The upcoming meeting between Trump and Chinese President Xi Jinping on Thursday is expected to be pivotal. While the specific terms of the deal remain under discussion, the easing of the 100% tariff threat announced earlier this month could significantly impact both economies.
Traders are also bracing for the Federal Reserve’s imminent policy decision, with expectations that the central bank will lower its benchmark interest rate by 25 basis points. Such a move could reduce borrowing costs and encourage risk-taking in assets like cryptocurrencies and tech stocks.
Meanwhile, stablecoin payment volumes have surged to $19.4 billion year-to-date in 2025, indicating growing interest in digital currencies. In response to this trend, OwlTing is developing payment infrastructure aimed at processing transactions quickly and affordably.
Adding to the momentum, the New York Stock Exchange has announced plans to list four new spot crypto ETFs, potentially beginning trading as soon as Tuesday. This move comes as the SEC processes approvals despite ongoing government shutdowns.
As the cryptocurrency market continues to react to these developments, investors are keenly watching for further updates from both Washington and Beijing. The current rally reflects broader market sentiment and highlights the increasing importance of crypto assets in today’s economic landscape.
Stay tuned for more updates as this story develops, and watch for the implications of trade negotiations on the cryptocurrency market.
