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

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

The cryptocurrency Bitcoin rose in tandem with Asian stocks and a strengthening dollar, following reports of plans for the US and China to hold trade talks.

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

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