US Treasury Secretary Bessent Eyes Thanksgiving for China Trade Deal — Could Bitcoin Feel the Heat?

Bitcoin slipped below $94,000 on Sunday, down over 2% in the last 24 hours, as traders digested a fresh wave of macroeconomic headlines. Most notably, Treasury Secretary Scott Bessent signaled that a US–China trade deal could land by Thanksgiving.

The remarks injected new uncertainty into already fragile markets, setting up a potentially volatile stretch for crypto as political deadlines collide with thinning holiday liquidity.

Bitcoin was trading for $93,987 as of this writing, down by 2.08% in the last 24 hours. Amidst the pullback, $100 million worth of crypto longs were liquidated in the past 60 minutes.