$BTC Bitcoin surged to a high of $104,900 on Saturday evening, just around 4% shy of its all-time high, after President Donald Trump said US-China talks had made great progress during a meeting in Switzerland, TradingView data shows.

In a statement on Truth Social, Trump said that the discussions were constructive and friendly, describing the outcome as a total reset. He noted the agreement on a “total reset” in relations and renewed efforts to open Chinese markets to American businesses.