Bitcoin (BTC) $BTC has surged over 3%, surpassing $97,000, as risk markets rallied on the back of promising U.S.–China trade updates.
Late Wednesday, U.S. Treasury Secretary Scott Bessent described current tariffs as “unsustainable” and announced plans to meet with Chinese officials in Switzerland this weekend. In response, China’s Ministry of Commerce acknowledged the U.S. outreach and agreed to engage, citing thorough consideration of global expectations, national interests, and industry appeals.
The positive developments sparked gains across risk assets, with Nasdaq 100 and S&P 500 futures rising about 1%.
My Perspective:
Bitcoin’s responsiveness to macroeconomic signals continues to strengthen its position as a key global asset. While today’s surge is notable, the critical question is whether BTC can maintain this momentum. If diplomatic progress between the U.S. and China continues, the market may soon test the significant $100,000 level. $BTC