Bitcoin (BTC) surged significantly on April 23, continuing its upward trend above the $94,000 mark amid a broader rise in the U.S. stock market.

This move came after U.S. President Donald Trump made dovish comments regarding U.S.-China trade relations. Reports indicate that Trump is negotiating to reduce tariffs on China to 50%, which seems to have boosted investor sentiment.

The S&P 500 index rose by 93 points, climbing 1.77% to 5,375.86 points, with large tech stocks leading the gains as of the time of writing on Thursday.