Bitcoin Recovers Slightly Amid Renewed U.S.-China Tensions

Bitcoin recovered slightly after hitting a three-and-a-half-month low at the weekend on renewed U.S.-China trade tensions. President Trump on Friday threatened to impose an additional 100% tariff on Chinese imports from next month, hitting risk appetite.

However, in a social media post Sunday, Trump said: dont worry about China, it will all be fine. Adding that the U.S. wants to help China.

Deus X Pays James Madden said in a note that the market is balancing between fears of extended trade tensions and optimism that the tariff escalation may be a temporary bargaining tactic.

Bitcoin rose 0.2% to $115,299 after hitting a low of $104,782 Saturday, LSEG data show. It remains well below the record high of $126,223 reached on October 6.