$BTC
The price of Bitcoin rose to 104,602 at a rate of 1.32%, amid talks of progress in trade negotiations with China.
The United States and China are engaged in crucial negotiations at Villa Saladin in Geneva, where Treasury Secretary Scott Pisent and Chinese Vice Premier He Lifeng took part in 10 hours of trade discussions.
The talks continued until Sunday, indicating a possibility of easing escalating tensions over tariffs, especially after Pisent's statement about "progress in the talks."
Following the discussions, Trump posted on Truth Social a tweet in which he mentioned discussing many matters and reaching agreements on many of them.
"It was a very good meeting today with China in Switzerland. Many matters were discussed, and much was agreed upon. We negotiated a comprehensive reset of relations in a friendly and constructive manner. We want to see, for the benefit of both China and the United States, a Chinese openness to American business. Significant progress has been made!".
This statement marked the most optimistic signal yet in months of escalating trade tensions, prompting a swift response from financial markets, especially in the cryptocurrency sector, which thrives in unstable macroeconomic environments.
The Solana coin also rose by 0.17% to $172.47.
The Ether coin also rose by 0.59% to $2,510.52.
