Early Thursday, Bitcoin's trading price in Asia exceeded $99,000 as positive macroeconomic signals and sustained institutional interest pushed 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 had retreated to $98,938, having risen 2.64% in the past 24 hours. Bitcoin earlier reached 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 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 Jung noted that investors viewed this as a "signal to maintain a risk-on stance."

"Attention remains focused on trade headlines... Trump plans to speak on significant trade agreements at 10 AM Eastern Time tomorrow, and any new developments could further drive market volatility."