Markets face $87,000 Bitcoin and trade uncertainty after Trump talks

U.S. President Donald Trump confirmed ongoing talks with China amid escalating tariff tensions that have unsettled global markets.

Last week, major U.S. stock indexes showed mixed performance with the SP 500 rising 0.52%, the Dow Jones Industrial Average falling 0.89%, the Nasdaq slipping 0.44%, and the Russell 2000 gaining 2.9%.

Cryptocurrency markets also displayed varied trends as Bitcoin (CRYPTO:BTC) gained while Ethereum (CRYPTO:ETH), Cardano (CRYPTO:ADA), and XRP (CRYPTO:XRP) declined.

Gold prices rose about 3.8% against the U.S. dollar, reflecting investor interest in safe-haven assets amid trade uncertainties.

“Yeah, we’re talking to China. I would say they have reached out a number of times,” said Trump in remarks from the Oval Office.

He suggested that Chinese President Xi Jinping had attempted to initiate dialogue, signaling potential de-escalation.

“The businessmen who criticise tariffs are bad at business, but really bad at politics,” Trump also criticised business leaders opposing tariffs.

“The golden rule of negotiating and success: he who has the gold makes the rules,” he added.

The tariff dispute has drawn criticism from opponents who argue it raises costs for businesses and consumers, threatens jobs, and could compress the U.S. economy.

Trump defends tariffs as measures to protect American jobs, strengthen manufacturing, enhance national security, and encourage domestic consumption.

Bitcoin’s price surpassed $87,000, reaching $87,236, while U.S. equity futures declined modestly ahead of Monday’s market open.

Futures tied to the Dow, Nasdaq, and SP 500 each fell approximately 0.5%, indicating cautious investor sentiment.

The rise in gold and Bitcoin amid trade tensions suggests some investors are seeking alternatives to traditional markets.

Market participants remain focused on the potential impact of tariff policies and ongoing U.S.-China negotiations.

According to CNBC and public market data, the coming week will be critical as investors weigh the economic consequences of trade developments.

At the time of reporting, the Bitcoin (BTC) price was $87,503.76.