On Thursday morning, Bitcoin's trading price in Asia surpassed $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; it's also a signal of growing confidence." As of 1:40 AM Eastern Time, the cryptocurrency has retreated to $98,938, having risen 2.64% in the past 24 hours. Bitcoin earlier climbed to 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 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 analysts noting that investors viewed this as a "signal to maintain risk-taking posture."

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