Technical Analysis
Bitcoin rebounds from sell-off on easing trade tensions
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Bitcoin has recovered some losses after a sharp downturn triggered by U.S. tariffs on China, with the cryptocurrency trading around $115,000 to $116,000 on Monday. The sell-off led to a record $19 billion in market liquidations over the weekend. President Donald Trump's reassuring comments on Sunday helped ease fears of escalating trade conflicts.
Bitcoin rebounds above $110,000 despite trade tensions
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Bitcoin's price climbed back above the $110,000 level on Monday, as investors overlooked a recent massive liquidation in the crypto market and escalating U.S.-China trade disputes. The cryptocurrency received support from technical indicators amid softened rhetoric from President Donald Trump on trade issues. Trading at $110,900, it has gained 18% year-to-date but remains below its recent record high.