Bitcoin jumps again amid hopes for a trade truce between the US and China

The price of the major cryptocurrency surpassed $97,000 as investor appetite for riskier assets rebounded

The cryptocurrency Bitcoin rose alongside Asian stocks and a strengthening dollar, following news of plans for the US and China to hold trade talks.

The largest cryptocurrency rose by nearly 3.2% to surpass the $97,714 mark on Wednesday morning in Singapore, before trimming its gains. The second-largest cryptocurrency by market value, "Ether," increased by up to 4.2%.

Demand for bullish positions in the options market increased, with activity focused on call options at a strike price of $100,000, according to aggregated data from the "Deribit" platform, the largest cryptocurrency derivatives exchange in the world.