The trading price of Bitcoin in Asia exceeds $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 fallen back to $98,938, having risen 2.64% in the past 24 hours. Bitcoin earlier peaked at a local high of $99,400.

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

On Wednesday, the Federal Open Market Committee (FOMC) kept U.S. interest rates steady, and Jong stated that investors see this as a "signal to maintain a risk-on mode."