[Market] Signs of easing U.S.-China tensions restart 'Up+October'…Bitcoin intraday gains

Bitcoin (BTC) is showing gains on the day amid hopes of easing trade tensions between the United States and China. This has increased the positive outlook for achieving 'Up+October'.

As of 8:24 AM KST on the 27th, Bitcoin is trading at $114,556, up 2.64% from the previous day, according to CoinMarketCap. At one point intraday it exceeded $115,000, but gains have since narrowed slightly.

With Bitcoin rising today, October's return has also turned positive. Bitcoin was trading at $113,146 on October 1.

The rise today is interpreted as being supported by expectations that U.S.-China trade tensions may be resolved.

According to foreign reports, Treasury Secretary Scott Bessent, who is accompanying President Donald Trump's Asia trip, said, "(We) have put together a framework (with Vice Premier He Lifeng)," and added, "We are not expecting (the imposition of 100% tariffs)."

He also added, "I expect China's discussed rare earths export control measures to be suspended for a period of time."

Meanwhile, the market is focusing on the summit between President Trump and Chinese President Xi Jinping to be held in Busan on the 30th. President Trump reconfirmed at a press conference held during the ASEAN summit the previous day that "he will meet Chairman Xi in South Korea."