Bitcoin Climbs to $108K as U.S.–China Trade Talks and Debt Auctions Loom

Bitcoin and Solana Gain as U.S.–China Trade Talks Begin, Eyes on U.S. Bond Auctions

Bitcoin’s price rose on Monday, inching closer to a fresh weekly high, as markets responded to heightened U.S.–China trade diplomacy and anticipated volatility surrounding this week’s U.S. Treasury bond auctions. The top cryptocurrency gained 1.7% to reach $108,000, according to CoinGecko, while Solana (SOL) climbed 2.9% to $156 amid a broader uptick in risk-on sentiment.

The price boost comes amid mounting geopolitical and fiscal uncertainty, as top U.S. trade officials meet with Chinese leaders in London, and investors brace for signals from upcoming U.S. debt auctions, which are expected to influence both the bond and crypto markets significantly.

Bitcoin and Solana Lead Monday Gains in Crypto Market

• Bitcoin (BTC): $108,000 (+1.7%)

• Solana (SOL): $156 (+2.9%)

• Hyperliquid (HYPR): $38 (+7%)

The crypto market began the week in the green, with altcoins like Hyperliquid jumping as much as 7%, a sign of renewed speculative interest in digital assets. Analysts point to a combination of macroeconomic drivers—foreign trade diplomacy, U.S. debt dynamics, and shifting yield expectations—as key catalysts behind this uptick.

U.S. and China Resume Economic Dialogue in London

China’s Vice Premier He Lifeng is in London this week, hosting the first official meeting of the Sino-U.S. economic and trade consultation mechanism, according to a Saturday statement from China’s Ministry of Foreign Affairs. The U.S. delegation includes Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, signaling high-level engagement between the two global superpowers.

The renewed talks follow a positive phone call between President Donald Trump and Chinese leader Xi Jinping last week. Trump recently paused “reciprocal” tariffs on most nations for 90 days—a policy window that expires in early July. However, tensions with China have intensified again, with Trump accusing Beijing of violating the tariff pause.

The market sees the London trade meetings as pivotal in shaping the next phase of U.S.–China economic relations, with potential spillovers into currency markets, equities, and digital assets.

Bond Auctions Loom Large as Fiscal Anxiety Grows

Adding to the pressure this week is a series of U.S. bond auctions, including long-term Treasury offerings, which could dramatically affect global liquidity and risk appetite. The Congressional Budget Office (CBO) recently projected that Trump’s controversial One Big Beautiful Bill (OBBB) would add $2.4 trillion to the U.S. deficit, drawing bipartisan concern over fiscal irresponsibility.

According to Bitunix, a global crypto exchange, any signs of weak investor demand in these auctions—especially the 20- and 30-year Treasury bonds—could have far-reaching effects:

Bitcoin’s Sensitivity to Treasury Yields and Dollar Weakness

The market has already witnessed how bond auctions can rattle crypto prices. During a poorly received 20-year bond auction on May 21, Bitcoin dropped 2.4% to $106,900 within an hour, underscoring the digital asset’s increasingly tight correlation with U.S. fiscal sentiment and bond market performance.

As of Monday:

• 30-year Treasury yield: 4.962% (unchanged)

• U.S. Dollar Index (DXY): Flat

• Gold: Steady amid fiscal hedging demand

James Butterfill, Head of Research at CoinShares, emphasized the relative strength of Bitcoin versus other asset classes in times of fiscal strain:

The Case for Bitcoin in a Debt-Laden Environment

Butterfill added that the U.S. dollar’s dominance is steadily eroding, as long-term debt and fiscal instability discourage international investors from holding U.S. assets. While not predicting a full-scale dollar collapse, he cautioned that we may be approaching a tipping point:

In such an environment, hard assets like Bitcoin and gold could become more attractive—particularly to institutional and sovereign buyers seeking to hedge against debt monetization and rising yields.

Altcoins Respond to Risk-On Signals

With the broader crypto sentiment lifting:

• Solana saw a near 3% rise amid increased DeFi usage and institutional flows.

• Hyperliquid, a decentralized derivatives protocol, surged over 7% as traders speculated on increased volume tied to macro headlines.

Smaller-cap altcoins may continue to see outsized gains or volatility as macro risk plays out through the week. The U.S. debt auctions could serve as a barometer for broader crypto momentum through mid-June.

Outlook: Bitcoin Bulls Watch Trade Talks and Bond Markets

Key Events to Watch This Week:

• Sino-U.S. Trade Talks (June 10–14, London)

• U.S. Treasury Bond Auctions (20- and 30-year dates vary by maturity)

• Possible Trump Policy Update on Tariffs

• Inflation Expectations and Fed Minutes

If the bond auctions underperform, Bitcoin could continue to attract capital as a safe-haven alternative. Conversely, a strong auction turnout and improved fiscal outlook could see short-term cooling across crypto assets.

Conclusion

Bitcoin’s climb to $108,000 underscores how geopolitics and fiscal health are becoming key drivers for crypto performance. With Trump’s trade team meeting Chinese officials and debt auctions testing investor confidence, digital assets like Bitcoin and Solana may serve as barometers for global economic sentiment.

Whether bond market jitters boost Bitcoin or risk aversion sinks prices, one thing is clear: macro forces are increasingly steering the future of crypto markets.

Milcho Atanasov publication: "Bitcoin Climbs to $108K as U.S.–China Trade Talks and Debt Auctions Loom" was written for 24crypto.news

---

News from today

---

Related news

Bitcoin Holds Above Weekly MA50 Amid U.S.-China Trade War and DXY Downtrend

Bitcoin’s Bullish Breakout Fueled by US-China Trade War and Weakening Yuan

Arthur Hayes Predicts Bitcoin Surge Amid US-China Trade War and Global Money Printing

U.S. Threatens Return of Steep Tariffs in 90 Days If Trade Talks Fail, Warns Treasury Secretary

More news with author: Milcho Atanasov