#BTCBreaks99K
Bitcoin jumps again amid hopes for a trade truce between the US and China
The price of the major cryptocurrency surpassed $97,000 as investor appetite for risky assets revived
The Bitcoin cryptocurrency rose alongside Asian stocks and strengthened the dollar, following news about plans for the US and China to hold trade talks.
The largest cryptocurrency rose by nearly 3.2% to surpass the $97,714 mark on Wednesday morning in Singapore, before trimming its gains. The second largest by market value, "Ether," rose by as much as 4.2%.
Demand for bullish positions in the options market has increased, with activity focused on call options at a strike price of $100,000, according to aggregated data from the Deribit platform, the world's largest cryptocurrency derivatives exchange.