Bitcoin surges in line with stock and dollar after Trump walks back on China, Powell

  • Bitcoin and other cryptocurrencies have surged in line with other financial assets after US President Donald Trump signalled a more conciliatory approach toward trade relations with China. The dollar price of bitcoin has jumped 6.6% over 24 hours to $94,227.77, rising more than 12% over the past week and 26% over the past two weeks.