Cryptocurrency back on track? Bitcoin eyes $112K as global crypto markets surge $50 billion on easing US-China tensions
Crypto markets added billions of dollars after US President Donald Trump confirmed he will meet Chinese President Xi Jinping at the APEC summit at the end of October, sparking a broad risk-on move that lifted bitcoin and other major tokens from last week’s lows. The move followed a violent, leverage-driven sell-off that briefly pushed sentiment into “extreme fear.” Market strategists cautioned that the rally is fragile.
“We’ll be meeting in a couple of weeks in South Korea with President Xi and a few other people too,” Trump told a Fox News chat with Maria Bartiromo.
Traders quickly pushed bitcoin higher: major market snapshots and exchange data put BTC back in roughly the low-to-mid six-figures range as investors digested…
