Cryptocurrency back on track? Bitcoin eyes $112K as global crypto markets surge $50 billion on easing US-China tensions

Crypto markets surged billions of dollars after President Trump announced a meeting with Chinese President Xi Jinping at the APEC summit. This news sparked a broad risk-on move, lifting Bitcoin and other major tokens from recent lows. Analysts caution the rally's fragility, noting that geopolitical tensions can amplify funding stress and trigger liquidations in leveraged positions.