Contrary to expectations, Bitcoin soared to over $113,800 on October 24, 2025, defying the predicted slump below $100,000. Analysts from Standard Chartered had forecasted a weekend drop. However, a surprising upward turn followed the US and China’s formal commitment to a framework agreement.
This positive development then triggered a ripple effect on other cryptocurrencies and even stocks. The announcement sparked a rally in Ethereum, altcoins, and several stock markets. Apparently, the progress in US-China trade talks boosted the financial market’s confidence, thus causing a surge in multiple sectors.
Despite the undisclosed specifics of the agreement between the two economic giants, the financial market responded positively. The news of the agreement turned Bitcoin’s fortunes around remarkably. As a result, Bitcoin’s price jumped to over $113,800, marking a significant and surprising increase.
Impact on Ethereum, Altcoins, and Stocks
Other digital currencies such as Ethereum and various altcoins also experienced a boost following Bitcoin’s surge. The positive sentiment from the US-China trade talks progress fueled these digital assets’ value increase. Notably, the positive news didn’t just benefit the cryptocurrency market; stocks also experienced a significant rally.
The US-China agreement news triggered a positive response in the stock market, boosting many stocks. This reaction underscores the interconnectedness of global financial markets and the broad impact of geopolitical events. It also reminds us of the influence of major economies like the US and China on global finance.
Although the prediction by Standard Chartered analysts didn’t materialize, the unexpected surge in Bitcoin and the subsequent boost in other cryptocurrencies and stocks highlight the financial market’s unpredictable nature. This development also underscores the role of geopolitical events in shaping financial markets.
Investors and market watchers will be keenly observing the potential impact on Bitcoin and other financial markets as details of the US-China agreement emerge. The surge following the announcement suggests stability and potential growth in the financial sector.
