The cryptocurrency surpassed $99,000, as positive macroeconomic signals and sustained institutional interest push it toward the $100,000 resistance line.

"This is not just a psychological milestone, but also a signal of growing confidence." As of 1:40 AM Eastern Time, the cryptocurrency has retreated to $98,938, having risen 2.64% in the past 24 hours. Bitcoin earlier reached a local high of $99,400.

"The rebound was initially triggered by headlines earlier Wednesday during Asian hours regarding the resumption of US-China trade negotiations, which boosted overall market sentiment." US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are set to meet with Chinese officials in Switzerland this weekend, bringing hope that trade tensions between the world's two largest economies may be resolved.