Bitcoin (BTC) experienced a bullish surge, trading near $109,275, as optimism grew regarding US-China trade discussions and a détente between Elon Musk and Donald Trump. The resurgence in global markets propelled Chinese stocks to enter a bull market and pushed the S&P 500 towards February highs, indicating a potential new all-time high for Bitcoin.

Recognizing the geopolitical shifts, the discussions on easing trade restrictions between the US and China were a focal point. Notably, the US showed willingness to ease exports, including chip design software, in exchange for better access to rare earths.

Further boosting Bitcoin sentiment was the cooling of tensions between Musk and Trump, which had previously strained crypto markets. Investors noted this as a sign of stabilizing forces, rising the Crypto Fear & Greed Index to "Greed" territory.

The rumors of a coordinated Musk-Trump conflict manipulation added intrigue. Massive BTC accumulations by whale wallets were recorded during their feud's peak. Expectations are high for the ongoing talks in London to deliver substantial trade gain, potentially setting the stage for another Bitcoin rally.