Bitcoin Rises on Hopes For De-Escalation in U.S.-China Tensions — Market Talk
Bitcoin rises as risk appetite improves on hopes for a de-escalation in U.S.-China tensions. U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng will attempt to diffuse tensions in a meeting in Malaysia this week. President Trump last week confirmed plans to meet with his Chinese counterpart Xi Jinping in South Korea in two weeks after threatening fresh tariffs on China. He told Fox Business that he thinks "we're going to be fine" with China. Bitcoin rises 2.2% to $111,281, LSEG data show. It reached a near four-month low of $103,659 when concerns about bad loans at U.S. regional banks dented risk sentiment. ([email protected])