Bitcoin Bounces: Trump’s Trade Comments Spark Crypto Rally

Cryptocurrency exchange Bybit and market expert Block Scholes have revealed a surge in Bitcoin activity following US President Trump’s positive comments on trade negotiations with China. This rally has also impacted the broader cryptocurrency market, marking a shift away from decoupling between BTC and traditional markets. The report highlights increased open interest in perpetual futures contracts for both Ethereum and Bitcoin, along with rising trading volumes. 7% price growth of Bitcoin was recorded within days following Trump’s optimistic remarks about trade relations with China.