$BTC

The price of Bitcoin has risen again amid hopes for a trade truce between the United States and China.

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

Bitcoin rose alongside Asian stocks and the dollar after news of plans for the United States and China to hold trade talks.

The largest cryptocurrency rose about 3.2% to over $97,714 in the morning on Wednesday in Singapore, before trimming its gains. The second-largest cryptocurrency by market capitalization, Ethereum, rose about 4.2%.

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