The price of Bitcoin has recorded a significant recovery, gaining momentum early Monday after the crypto asset retraced from $103,437.
Data from CoinDesk revealed that Bitcoin climbed 2.9% in the past 24 hours to reach $111,090. The uptick reflected renewed risk appetite as hopes rose for a de-escalation in U.S.–China tensions. President Donald Trump confirmed plans to meet Chinese President Xi Jinping in South Korea in two weeks, following threats of fresh tariffs on China.
Speaking with Fox Business, Trump expressed confidence in an eventual positive outcome, stating, “We’re going to be fine with China.”
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Market sentiment was further boosted by cautiously optimistic economic data from Asia. China’s third-quarter GDP growth came in at 4.8%, in line with LSEG expectations, while Japan’s benchmark Nikkei 225 jumped 3.4% to close at a record high.
Shares of cryptocurrency exchanges Coinbase Global and Robinhood Markets also advanced between 3% and 4% in premarket trading, tracking the upward move in crypto prices. This came despite operational disruptions caused by a major Amazon Web Services (AWS) outage.
Other top-cap cryptocurrencies took cues from Bitcoin, with Ethereum rising 4.6% to reclaim the key $4,000 level. XRP, Solana, BNB and Dogecoin (DOGE) rose 3% to 5% over the past 24 hours. The global crypto market capitalization was up 4.6% to $3.78 trillion.
Despite Bitcoin price recovery, analysts suggests that Bitcoin might be showing early signs of bottoming out, even as gold’s powerful rally appears to have peaked. The precious metal, which reached an all-time high of around $4,380 per ounce on Friday, has since fallen by 2.9%, though it remains up over 62% year-to-date. Bitcoin may face challenges as long-term holders continue to take profits, analysts cautioned.
Market expert James Check dismissed conspiracy theories around price manipulation, noting that the crypto sell-off was driven simply by “good old-fashioned sellers.” Meanwhile, social media personality Andrew Tate warned that Bitcoin could still fall to $26,000 before forming a true market bottom, arguing that persistent optimism among traders could prolong the downturn.
CryptoQuant analyst Julio Moreno highlighted a key technical shift after Bitcoin broke below its previous consolidation range of $120,000–$108,000, drawing attention to $100,000 as the next major support level. Using the On-chain Realized Price Bands metric, Moreno identified this zone as a critical threshold that could determine the next phase of Bitcoin’s price movement.
Despite short-term volatility, institutional sentiment toward Bitcoin remains overwhelmingly positive. According to a recent Coinbase Institutional report titled “Navigating Uncertainty”, 67% of surveyed institutional investors expressed a bullish outlook for Bitcoin over the next three to six months.
Institutional activity continues to support the market’s resilience. Coinbase’s Head of Research, David Duong, noted the strong influence of digital asset treasury firms in stabilizing markets. BitMine, chaired by Tom Lee, has reportedly purchased over 379,000 Ether (ETH) worth nearly $1.5 billion following the recent crash that pushed ETH below $4,000. Similarly, MicroStrategy founder Michael Saylor hinted that his firm may increase its Bitcoin holdings, after sharing data showing $69 billion in reserves.
Analysts agree that the $100,000 mark remains a psychologically and technically significant level for Bitcoin. A sustained defense of this support could reinforce investor confidence, while a break below it could spark widespread selling among short-term holders seeking to minimize losses.
Outlook
For now, optimism is cautiously returning to crypto markets, buoyed by institutional confidence and improving macroeconomic sentiment. Investors however remain cautious in the market incase of a significant pullback.
