$BTC Bitcoin rose above $97 thousand amid progress in the trade deal between the USA and China

The warming of trade relations between the USA and China supported the rise of risky assets after the closure of the American stock market on Wednesday. This was reported by CoinDesk.

US Treasury Secretary Scott Bessent stated that the existing tariffs and trade barriers are "unstable," but the USA is not seeking a breakup with China. He announced plans to travel to Switzerland for negotiations with Chinese colleagues this weekend.

A representative of the Chinese Ministry of Commerce noted that high-ranking US officials have recently hinted at possible tariff adjustments and expressed readiness to discuss these issues with China through various diplomatic channels. "China has carefully evaluated these signals based on global expectations, national interests, and the demands of American businesses and consumers, and agreed to negotiate with the USA," said the agency's spokesperson.

Against this backdrop, Bitcoin (BTC) rose about 3% to $97,200, while futures on Nasdaq 100 and S&P 500 added about 1%.