Bitcoin rose on Monday, tracking a broader rally in risk-driven markets after the United States and China announced a framework agreement aimed at halting further escalation in their ongoing trade dispute.
Risk sentiment was also boosted by benign US inflation data, which fueled growing optimism that the Federal Reserve will cut interest rates at a meeting later this week.
Bitcoin rose 3.5% to $115,504.0000 by 9:22 AM KSA time, breaking out of the $100,000-$110,000 trading range seen throughout most of October
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