The Bitcoin currency jumped to $104,325, approaching just 3.79% from its all-time high recorded in January at $108,786, driven by positive developments in trade talks between the United States and China.

The White House announced on May 11 a "significant progress" in negotiations, which ignited a wave of optimism in the markets and pushed investors towards digital assets. This coincided with strong institutional inflows exceeding $1.7 billion into Bitcoin funds over the past month, according to SoSoValue data.

Analysts believe that the anticipated official announcement on May 12 could trigger a new upward wave, with the possibility of recording a historical price peak if the current momentum continues.