Bitcoin once again approached the mark of 100,000 dollars in the early hours of this Wednesday, May 7. However, it faces difficulties in reaching that zone due to the strong selling pressure at that level.
The most popular cryptocurrency rose alongside Asian stock markets and the strengthening of the dollar, following the announcement that the United States and China plan to hold trade talks, according to information from Bloomberg.
The appreciation of the digital asset increased by around 3.2% to surpass 97,500 dollars in the early hours of the day. These movements were recorded after it was announced that U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will hold a meeting with the Chinese government this week.
It is expected that during this meeting, the two largest global economic powers may reach an agreement to ease trade tensions.
