Bitcoin leaped to $108,000 on Monday, after hovering near $105,000 for most of the weekend, as top U.S and Chinese officials get ready to meet in London this week in the hopes of salvaging a fraying trade deal.
Bitcoin gained 2% on Monday, according to Binance, briefly touching $108,900 before falling slightly. The bump comes as investors express optimism about the potential for a resolution of trade disputes between the U.S. and one of its largest trading partners. Treasury Secretary Scott Bessent and China’s vice premier for economic policy He Lifeng will lead their respective delegations in negotiations that are expected to begin Monday and continue into Tuesday, according to the New York Times.
