Bitcoin climbed sharply in early trading after fresh signals from Washington suggested that trade tensions with China would not escalate further. The reassurance helped calm global markets and triggered renewed bullish momentum across the crypto sector, with traders reacting positively to signs of policy stability between the world’s two largest economies.
Bitcoin Surpasses $68,000
Bitcoin surged past $68,000 after U.S. Trade Representative Jamieson Greer said in a recent Fox Business interview that the United States would not impose additional tariffs on China. His remarks allayed fears of a potential escalation in the trade war between the two nations.
According to Greer, the U.S. intends to keep tariffs on Chinese goods steady at 35%–50%, sticking to the framework of the previous deal rather than introducing fresh levies. Markets interpreted the statement as a signal of restraint, reducing immediate macroeconomic uncertainty.
It is worth noting that the trade war between the U.S. and China, which intensified last year following reciprocal tariff measures introduced under Donald Trump, dealt a significant blow to global financial markets, including the crypto market. Heightened tensions triggered sharp volatility, weakened investor confidence, and pressured Bitcoin lower.
Interestingly, the brutal October 10, 2025, crash, which remains fresh in traders’ memories, unfolded amid Trump’s threat to impose a sweeping 100% tariff on Chinese imports, a move that sent shockwaves through risk assets. Bitcoin tumbled alongside equities as investors fled to safety.
Bitcoin Worth $83M on the Move as Strategy Activates Wallets After Two Months
Altcoins Rally as Liquidations Top $447 Million
Bitcoin’s recent surge from $63,000 to over $68,000 has spilled over into the broader crypto market. Similarly, Ethereum reclaimed the $2,000 mark, surging 9.8% in the past 24 hours. XRP also climbed to $1.44, breaking past a key resistance level and signaling renewed bullish momentum.
Meanwhile, data from CoinGlass shows that over $396 million in bearish bets were liquidated in the past 24 hours, with BTC bears accounting for over $170 million of that figure as bulls staged a comeback. The wave of short liquidations accelerated Bitcoin’s upward move, forcing traders who had positioned themselves for further downside to exit their trades.
Sentiment indicators are also beginning to recover. The Crypto Fear and Greed Index, which plunged to 8 last week, signaling extreme fear, has climbed three points in the past 24 hours to 11. Although still in fearful territory, the rebound suggests that panic selling may be easing.
However, despite the relief rally, market experts remain cautious. Recently, market analyst Ali Martinez revealed that Bitcoin is facing a potential death cross formation, with the crossover projected for February 27. If the bearish technical pattern materializes, with the short-term moving average crossing below the long-term moving average, it could signal further downside pressure for BTC, tempering optimism surrounding the current rebound.
Evans Kelvin
The CoinRemark Team
