Earlier on Thursday, Bitcoin's trading price in Asia surpassed $99,000, as positive macroeconomic signals and sustained institutional interest pushed the cryptocurrency towards 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 had retreated to $98,938, up 2.64% in the last 24 hours. Bitcoin earlier rose to a local high of $99,400.

"The rebound was initially triggered by headlines earlier on 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 may be resolved.

On Wednesday, the Federal Open Market Committee (FOMC) kept U.S. interest rates steady, with Rongge stating that investors viewed this as a "signal to maintain a risk-on stance."

"Attention remains focused on trade headlines... Trump is scheduled to speak about a major trade deal at 10 AM Eastern Time tomorrow, and any new developments could further drive market volatility."