On Thursday morning, Bitcoin's trading price in Asia surpassed $99,000, as positive macroeconomic signals and continued institutional interest pushed the cryptocurrency toward the resistance line of $100,000.

"This is not just a psychological milestone, but also a signal of growing confidence." As of 1:40 AM Eastern Time, the cryptocurrency has retraced 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 time regarding the resumption of US-China trade negotiations, which boosted overall market sentiment." US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are set to meet with Chinese officials in Switzerland this weekend, bringing hopes that the trade tensions between the world's two largest economies may be resolved.