By Developer Robin 
Bitcoin price today: Investing.com– Bitcoin climbed on Monday, extending a weekend rebound as cooling concerns over a U.S.-China trade war helped spur more risk-driven buying action in cryptocurrency markets.
Crypto was also encouraged by persistent bets the Federal Reserve will cut interest rates later in October, while a broader rally in risk-driven assets also spilled over.
Bitcoin rose 2.4% to $110,890 by 09:21 ET (13:21 GMT). The world’s largest crypto had fallen as low as $103,000 amid a recent escalation in U.S.-China trade tensions.
Concerns over U.S. economic health had also weighed on crypto markets, as an ongoing government shutdown appeared set to enter its third consecutive week. Several key U.S. economic readings were delayed by the shutdown, leaving markets in the dark over the state of the world’s biggest economy, especially before a Federal Reserve meeting next week.
Bitcoin rebounds as Trump cools China rhetoric
Bitcoin’s rebound came chiefly after U.S. President Donald Trump said on Friday that he viewed a prolonged trade war with China as “not sustainable,” and that he was still scheduled to speak with Chinese President Xi Jinping in about two weeks.
Separately, U.S. Treasury Secretary Scott Bessent also said that high-level trade talks with Chinese ministers were set to continue this week.
Their comments, which struck a far more conciliatory tone on a U.S.-China trade conflict, sparked increased bets that Trump will not make good on his threat of 100% tariffs against China. This in turn sparked a rally across risk-driven markets.
Strategy lifts Bitcoin holdings to 640,000 BTC
Bitcoin treasury company Strategy — formerly known as MicroStrategy — has added another 168 BTC to its holdings, spending about $18.8 million between Oct. 13 and Oct. 19 at an average purchase price of $112,051 per coin, according to a filing with the U.S. Securities and Exchange Commission.
Following the latest buy, the company now owns 640,418 BTC, valued at roughly $71.1 billion at current prices. Co-founder and executive chairman Michael Saylor said the coins were accumulated at an average cost of $74,010 each, bringing the firm’s total investment to about $47.4 billion including fees.
That stash represents just over 3% of Bitcoin’s fixed 21 million supply and puts the company sitting on approximately $23.7 billion in unrealized gains at prevailing market levels.
Asset managers launch crypto ETPs for UK retail as FCA ends four-year ban
Crypto asset managers 21Shares, Bitwise and WisdomTree have opened their Bitcoin and Ethereum exchange-traded products to U.K. retail investors, marking the first time such products are broadly accessible to the public.
The listings follow the Financial Conduct Authority’s (FCA) decision 12 days ago to lift a four-year ban that restricted crypto exchange-traded notes to professional investors only.
21Shares began trading four physically backed products on the London Stock Exchange on Monday, including Ethereum ETPs with staking features and a reduced 0.1% fee on select offerings.
WisdomTree also brought its physically backed Bitcoin and Ethereum products to the LSE, setting fees at 0.15% and 0.35%. The listings mirror the firm’s previous institutional-focused launches in the U.K.
Bitwise said it will follow on Tuesday, cutting the fee on its Core Bitcoin product to 0.05% for an introductory six-month period as part of its LSE debut.
BlackRock has also added its iShares Bitcoin ETP to the London market.
Crypto price today: altcoins rebound, Ether back above $4k
Broader crypto prices rose tracking Bitcoin’s rebound on Monday, with most altcoins logging a sharp recovery from recent losses.
World no.2 crypto Ether rose about 3% to $4,034.90, retaking the closely watched $4,000 level.
XRP rose 3.3% to $2.45, while BNB climbed 1.4% to $1,110.
Solana added 1.8%, while Cardano jumped 3.4%.
Among meme tokens, Dogecoin rose 3.2%, while $TRUMP gained 2.3%.
Bitcoin and broader crypto prices were trading lower for October, largely in contrast to earlier years where crypto markets tended to outperform in the month– a trend dubbed as “uptober.”
Bitcoin and Ether were trading down some 2% apiece so far in October.
(Ambar Warrick contributed to this report.)
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