Bitcoin surged 3.6% on Monday, surpassing $115,000, as equities rallied and investor risk appetite improved amid signs that trade tensions between the U.S. and China may be easing.

The upbeat market tone comes ahead of a busy week for central bank decisions and mega-cap earnings reports.

Cryptocurrencies broadly followed equities higher. Total crypto market capitalization climbed 3.7% to $3.9 trillion. Ether jumped 7% to $4,200, BNB gained 2.8% to $1,149, and XRP rose 1.3% to $2.64.