Bitcoin spiked to $97,938 as easing trade tensions between the U.S. and China fueled optimism across global markets. Digital assets surged alongside Wall Street, with the crypto market cap hitting $3.03 trillion. The broader rally followed April’s strong payroll report and signs of a tariff truce, boosting investor confidence. Tech stocks like Microsoft and Meta led the Nasdaq 100, which rose 1.8%, while Bitcoin gained 2.5% over the past week. Ethereum also saw modest gains, trading at $1,853. With Bitcoin now dominating 63.8% of the total crypto market, the bullish momentum suggests growing synergy between traditional finance and digital assets. Gold, however, slipped to $3,229 per ounce, losing nearly 3% on the week. As geopolitical tensions cool, both equity and crypto traders are embracing the risk-on environment—though the longevity of this surge remains uncertain.
Conclusion:
Bitcoin’s rally highlights how closely crypto moves with global economic cues—especially when big powers like the U.S. and China hint at peace.
Takeaways:
Bitcoin hit an intraday high of $97,938.
Total crypto market cap reached $3.03 trillion.
US-China trade calm boosted investor sentiment.
Nasdaq 100 rose 1.8%, led by tech giants.
Gold declined as traders leaned into risk assets.
Source: Bitcoin.com
