Bitcoin surpasses US$115,000 as trade-deal hopes drive crypto rally

The world’s largest cryptocurrency, Bitcoin, surged more than 3% over the past 24 hours to trade around US$115,171, as investors responded to rising optimism over a potential trade deal between the United States and China and awaited key U.S. inflation data. The broader crypto market also gained momentum, helping the total market capitalization advance to approximately US$3.9 trillion. Analysts warn that the rally is still vulnerable to macro-data disappointments and regulatory risks, though current momentum remains strong.