#TariffsPause

Bitcoin on the Rise as China Tariff Exemptions Give Stocks Relief

Bitcoin hit a two-month peak Friday as investors mulled Donald Trump's purported progress on trade negotiations with China.

The price of Bitcoin jumped above $95,000 on Friday—for the first time since February—as investors assessed whether U.S. President Donald Trump was making progress on trade negotiations with China, after he appeared to soften his rhetoric toward the nation earlier this week.

The leading cryptocurrency was recently changing hands at $95,310, a nearly 2% increase over the past day, according to data. Altcoins were mixed, with Ethereum rising 2% to $1,800, while XRP fell 0.7% to $2.20.