China Trade War De-escalation Sparks Crypto Market Recovery: Bitcoin Rebounds to $114K

The cryptocurrency markets are experiencing a moderate recovery following Friday's significant downturn, driven by de-escalating trade war rhetoric from both Chinese and American officials. China's Ministry of Commerce clarified that their rare-earth export controls aren't comprehensive bans and will continue approving eligible applications, stating these measures would have "minimal impact" on global supply chains. Simultaneously, Vice President Vance emphasized President Trump's appreciation for his relationship with Chinese Premier Xi Jinping and willingness for reasonable negotiations. This diplomatic softening has triggered a crypto market bounce, with Bitcoin (BTC) climbing back near $114,000, recording 2% gains over 24 hours. Altcoins showed even stronger rebounds, with Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE) advancing 5%-7%. However, this recovery only partially offsets recent losses, as Bitcoin remains down 7.5% weekly, with ETH (-10%), XRP (-16%), SOL (-16%), and DOGE (-19%) still showing significant weekly declines.