Bitcoin traded flat near a three-month high on Monday, underpinned by easing trade tensions after the U.S. touted a deal with China, while investors awaited further details on the agreement expected later in the day.
The world’s largest cryptocurrency was largely unchanged at $103,863.5 by 02:19 ET (06:19 GMT).
The token surged more than 9% last week, as it blew past the coveted $100k level on Thursday, reaching its highest level since late-January 2025.
Last week’s surge was largely driven by the U.S.-UK trade framework deal and hopes of China talks.
Investors were also cautiously awaiting the U.S. consumer price index (CPI) figures, due on Tuesday.
Bitcoin firm as markets await US-China trade deal details Sentiment in broader risk assets, including cryptocurrencies, was buoyed after Washington and Beijing announced that a trade agreement had been reached over the weekend.
While specific terms have yet to be disclosed, remarks from both sides — including U.S. Treasury Secretary Scott Bessent calling the talks “substantial” and Chinese officials citing “important consensus” — offered enough optimism to keep Bitcoin elevated.
However, traders remained cautious as they awaited concrete details of the deal, which could determine the sustainability of recent gains.
Markets also digested President Donald Trump’s plan to sign an executive order slashing U.S. drug prices by up to 80%, raising concerns over global pharmaceutical pricing and broader deflationary pressures.
3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. Analysts believe that crypto markets appear to be riding a wave of macro optimism, though the lack of clarity around trade and fiscal policy is likely to keep volatility elevated in the near term.
Crypto price today: altcoins trade mixed in range-bound session Altcoins were largely mixed on Monday, trading in short ranges, as caution persisted.
World no.2 crypto Ethereum fell 0.4% to $2,510.57.
World no. 3 crypto XRP rose 0.5% to $2.4003.
Solana edged 0.3%, and Cardano advanced 1.7%, while Polygon declined more than 2%.
Among meme tokens, Dogecoin jumped 2.7%, while $TRUMP gained 0.6%.
