Driven by a major trade deal between the United States and China, Bitcoin experienced a substantial surge, exceeding the $116,000 mark. This jump in price was fueled by the announcement of a “very substantial framework” for trade agreement between Washington and Beijing, which lifted investor optimism globally. The news was amplified by U.S. Treasury Secretary Scott Bessent’s public declaration, signaling a potential end to months-long trade tensions. The positive sentiment spilled over into traditional markets, with stocks rising across Asia and the United States. 1 87% increase in Bitcoin trading volume indicates a surge of activity within this market, while open interest in Bitcoin futures also saw a noticeable rise. The cryptocurrency has been ranging between $113,015.30 and $116,273.31 since Sunday, showcasing a strong level of stability during the recent bullish period.