Bitcoin Rises on Hopes For De-Escalation in U.S.-China Trade WarMarket Talk

Bitcoin rises to a seven-week high as risk sentiment recovers after the Trump administration signalled a potential easing in the U.S.-China trade war. President Trump suggested the U.S. could lower tariffs against China while Treasury Secretary Scott Bessent signalled a de-escalation in tensions. Hopes for a reprieve in the trade war are "leading to a small swell of investor confidence," Hargreaves Lansdown analyst Susannah Streeter says in a note. Markets are adjusting to Trump's impulsive comments and actions that he later retracts, she says. "Just how much of the damage will linger remains to be seen and markets are likely to stay volatile as trade negotiations play out." Bitcoin rises to a high of $94,476, according to LSEG. ([email protected])