$BTC

The trading price of Bitcoin in Asia has exceeded $99,000, as positive macroeconomic signals and sustained institutional interest push the cryptocurrency 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 since retreated to $98,938, having risen 2.64% in the past 24 hours. Bitcoin had earlier climbed to a local high of $99,400.

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

On Wednesday, the Federal Open Market Committee (FOMC) kept U.S. interest rates steady, with analysts indicating that investors view this as a sign of "maintaining a risk-on mode."

"People's attention remains focused on trade headlines... Trump is scheduled to speak tomorrow at 10 AM Eastern Time on a significant trade agreement, and any new developments could further drive market volatility." $BTC