#BTCPrediction Investing.com — Bitcoin rose alongside Asian stocks following reports of plans for trade talks between the US and China, Bloomberg writes.

The largest digital asset gained over 3% at one point, exceeding $97,500 on Wednesday morning, but then retraced some of its gains. At the time of writing, BTC was trading around $97,000 after peaking intraday at $97,840.

The morning rally followed news that US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer would meet with the Chinese government this week in Switzerland, raising hopes for an agreement between the two largest economies in the world and a reduction in trade tensions.

Meanwhile, India announced early Wednesday that it had conducted targeted military strikes against Pakistan, which in response reported shooting down five Indian aircraft.